This bill is from the 39th Parliament, 1st session, which ended in October 2007.
This bill has received Royal Assent and is now law.
This is from the published bill.
The purpose of this enactment is to implement the most recent tax treaties that have been concluded with Finland, Mexico and Korea.
The tax treaties implemented by this enactment reflect Canada’s effort to update Canada’s network of tax treaties. Those treaties are generally patterned on the Model Double Taxation Convention prepared by the Organization for Economic Co-operation and Development.
Tax treaties have two main objectives: the avoidance of double taxation and the prevention of fiscal evasion. Since they contain taxation rules that are different from the provisions of the Income Tax Act, they become effective only after an Act giving them precedence over domestic legislation is passed by Parliament. The process is initiated by the tabling of a Bill such as this one.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from Parliament. You can also read the full text of the bill.
Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other S-5s:
Tax Conventions Implementation Act, 2006Government Orders
The Deputy Speaker Bill Blaikie
Pursuant to order made on Monday, December 4, Bill S-5 is deemed read a second time and referred to a committee of the whole, deemed considered in committee of the whole, deemed reported without amendment, deemed concurred in at report stage and deemed read a third time and passed.
(Bill deemed read the second time, considered in committee, reported without amendment, concurred in, read the third time and passed)