The Tax Information Exchange Agreement Era is Near!
Taxation Bulletin
May 2009
On May 21st, 2009, officials with the Department of Finance Canada announced that Canada was engaged in negotiations to conclude tax information exchange agreements (“TIEA”) with a number of countries that do not have an income tax treaty with Canada. Bermuda, Jersey, Guernsey, the Isle of Man and the Netherlands Antilles were specifically named. We understand that other unnamed countries are also negotiating a TIEA with Canada, and it is expected that the first TIEA will be signed before the end of 2009.
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