Canada – Royalties
The treaty signed 14 July 2009 between Turkey and Canada entered into force 4 May 2011 and will apply from 1 January 2012. When in effect, the treaty provides for a 15% withholding tax on dividends paid to a company (other than a partnership) that holds directly at least 10% of the voting power of the company paying the dividends, and 20% in all other cases. Interest will be taxed generally at a rate of 15% and royalties 10%.