I'll just highlight a couple of the aspects that are included in the convention with Israel, which updates it from the version that was signed in 1975. The biggest changes, probably, are with respect to the reduction of the withholding tax rates to bring them more in line with what Canadian and Israeli policies are today. Generally, over time, there has been a reduction in what those agreed amounts are. The vast majority of the rates in the 1975 treaty were at 15%, and now, in accordance with more current treaty policies, we've reduced the rate for dividends to 5% when it's between a parent and a subsidiary, and to 15% in all other cases.
With respect to interest and royalty, the maximum withholding rate is 10%, but in certain situations that rate has been reduced to zero. The treaty has been updated to include a provision to ensure that any double taxation is relieved in respect of an individual who leaves Canada and becomes resident in Israel. The Canadian departure tax rules would apply in such a situation. Those rules were not in place in 1975. This treaty includes a provision under which Israel agrees to recognize the fact that Canada would have taxed any increase in value of that capital property on...emigrating from Canada. As I mentioned earlier, it also includes a mini anti-avoidance provision in articles 10, 11, 12, and 13 to ensure that it does not facilitate treaty shopping arrangements. It also updates the exchange of information provision to include the international standard for the exchange of information on request.