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What is the interest withholding rate between Canada and Denmark?
Under the Canada-Denmark tax treaty, the withholding rate on interest is 10%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 10% rate compares to a median of 10% across Canada's 51 active treaty partners, and 6.5% across Denmark's 36 active partners.
Network Comparison
Canada
Rank 12 of 51 active treaties (lowest rate = #1)
Lower rates with: Colombia (10%), Czech Republic (10%), Germany (10%)
Higher rates with: Spain (10%), Finland (10%), France (10%)
Denmark
Rank 21 of 36 active treaties (lowest rate = #1)
Lower rates with: Chile (5%), Greece (8%), Australia (10%)
Higher rates with: China (10%), Spain (10%), Indonesia (10%)
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.