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What is the interest withholding rate between Canada and Hong Kong?
Under the Canada-Hong Kong 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 0% across Hong Kong's 23 active partners.
Network Comparison
Canada
Rank 18 of 51 active treaties (lowest rate = #1)
Lower rates with: France (10%), United Kingdom (10%), Greece (10%)
Higher rates with: Croatia (10%), Hungary (10%), Indonesia (10%)
Hong Kong
Rank 18 of 23 active treaties (lowest rate = #1)
Lower rates with: United States (0%), Vietnam (0%), China (7%)
Higher rates with: Indonesia (10%), Japan (10%), South Korea (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.