Canada ratifies the Convention on Mutual Administrative Assistance in Tax Matters

The updated Convention on Mutual Administrative Assistance in Tax Matters was ratified by the Government of Canada on November 21, 2013 and will enter into force in Canada on March 1, 2014. Canada signed the original convention on April 28, 2004 and its protocol on November 3, 2011.

The updated Convention provides a stable framework for governments to combat tax avoidance and evasion on a global scale by sharing tax information in accordance with the latest internationally-agreed standard.

The updated Convention is an international agreement that covers Canadian taxes that fall under the Income Tax Act, Excise Tax Act, and the Excise Act, 2001.

For further information on the updated Convention, please refer to the Questions and answers. The text of the updated Convention as well as Canada’s declarations and reservations on the updated Convention are available on the Department of Finance Canada website.