Canada: Temporary suspension of withholding tax service for selected countries – Update

Note: This announcement, originally published on 10 September 2025, has been updated to reflect non-implementation of previously announced new requirements. Changes have been highlighted.

Following the recent information introduced by the Canada Revenue Agency (CRA) intending to enhance the documentation requirements for residents of Barbados, Guyana, Ireland, Malta, Singapore and United Kingdom,

Clearstream¹ informs clients that, effective

immediately

the reduced tax rates are no longer suspended for the residents of Barbados, Guyana, Ireland, Malta, Singapore and United Kingdom. 

The CRA has confirmed that it will not implement the previously announced new requirements.

Impact on clients

Beneficial owners that are residents of Barbados, Guyana, Ireland, Malta, Singapore and United Kingdom may again benefit from the relief at source and quick refund process (if eligible) that was in place for such residents prior the CRA announcement. No additional documentation requirements are applicable for these beneficiaries.

Further information

For further information, clients may contact the Clearstream Tax Help Desk, Clearstream Client Services or their Relationship Officer.

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1. Clearstream refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Europe AG (for Clearstream Europe AG clients using Creation accounts), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500. Clearstream Banking S.A. is registered as an Australian CS (Overseas) Facility, under subsection 824B(2) of the Corporations Act 2001, with registration number ARBN 675 244 783.