Canadian Government to Eliminate Withholding Tax on Interest: What are the Opportunities?

The elimination of Canadian withholding tax on arm's-length payments of interest — expected to come into effect on January 1, 2008 — will present significant opportunities for non-Canadian financiers. Deal structures that have not worked historically will now be possible, but attention must be paid to potential traps for the unwary.

•	Which taxes are being eliminated and which remain?
•	Why does this create new opportunities for non-Canadian financiers?
•	Canadian regulatory issues
•	Opportunities in specific sectors, including oil and gas, ABL, mezzanine debt and consumer finance

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