Canada says it has ratified a new tax treaty with Venezuela. For purposes of non-resident withholding tax, this treaty will be effective for amounts paid or credited on or after January 1, 2005.
The general withholding tax rate on dividends from Canadian equities will be 15% for Venezuelan residents investing in Canada. A reduced withholding tax of 10% will apply for dividends between affiliated companies.
Interest will be subject to a 10% withholding tax.