Tax Memo: Canada Signs Four New Tax Information Exchange Agreements (TIEAs)

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Earlier this month, Canada signed Tax Information Exchange Agreements (TIEAs) with four jurisdictions – Bermuda, St. Kitts and Nevis, The Bahamas and Saint Lucia – bringing the total signed to five. From a Canadian income tax perspective, the signing of the new TIEAs is important because it means that access to Canada’s exempt surplus regime will be extended to the above jurisdictions.

Read this Tax Memo for more background and the status of the TIEAs.