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What is the interest withholding rate between Brazil and Canada?
Under the Brazil-Canada tax treaty, the withholding rate on interest is 15%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 15% rate compares to a median of 15% across Brazil's 25 active treaty partners, and 10% across Canada's 51 active partners.
Network Comparison
Brazil
Rank 11 of 25 active treaties (lowest rate = #1)
Lower rates with: Netherlands (10%), Japan (12.5%), Australia (15%)
Higher rates with: Chile (15%), China (15%), Spain (15%)
Canada
Rank 40 of 51 active treaties (lowest rate = #1)
Lower rates with: Vietnam (10%), South Africa (10%), Nigeria (12.5%)
Higher rates with: Chile (15%), Cyprus (15%), Egypt (15%)
Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.