Tax Memo: Canada Signs its First Tax Information Exchange Agreement (TIEA)

On August 29, 2009, Minister of Finance Jim Flaherty announced that Canada signed a Tax Information Exchange Agreement (TIEA) with the Kingdom of the Netherlands in respect of the Netherlands Antilles, the first TIEA signed by Canada.

A TIEA is a bilateral agreement under which two countries that are not parties to a tax treaty (non-treaty countries) undertake to exchange tax information that is relevant to the administration and enforcement of the domestic tax laws of each country. In particular, a TIEA sets out a framework for exchanging information to help enforce tax laws and to combat tax evasion and tax havens. Learn more by downloading the PDF below.

Tax Memo: Canada Signs its First Tax Information Exchange Agreement (TIEA) (95 KB) Download the full PDF Tax Memo.