You're not aware of this treaty. That's shocking because it's very relevant.
I'll quote article 17 of schedule 1 of the treaty's implementation legislation:
Pensions (including lump sums) arising in a Party and paid to a resident of the other Party in consideration of past employment may be taxed in the Party in which they arise and according to the laws of that Party.
Essentially, it is specifically to deal with pensions that are in one or the other jurisdiction so that people are treated fairly in that situation.
In this treaty, there is no mention of the type of passport one must have in order for it to be applicable. There's nothing that I've been able to find that says that you can't have a BNO passport, or that you need this or you need that.
This is causing a problem because, as we heard from Manulife and Sunlife on Monday, they are conflicted. They have a PR card from Canada, yet it seems like the Hong Kong government, Beijing, has said that they can't take their money out.
Do you agree with my assessment that we have a problem here because the treaty doesn't actually mention that, yet the insurance companies are stuck because they don't know whether to follow Canadian law or Hong Kong law?