Department of Finance Canada indicated this morning that an “Agreement between Canada and Grenada for the exchange of information on tax matters was signed on July 14, 2017 at St. George’s, Grenada.”
This agreement should enter into force in the upcoming months.
Department of Finance Canada explained:
“Consistent with Canada’s international efforts to promote transparency and effective exchange of tax information, the Agreement provides for the mutual exchange of tax information that is possessed by, or accessible to, the taxation authorities of either jurisdiction (in the case of Canada, the Canada Revenue Agency), in order to better administer and enforce taxation laws and to prevent international fiscal evasion. The Agreement is based on the Organisation for Economic Cooperation and Development’s internationally agreed standard on exchange of tax information upon request.”
The library on Transfer Pricing in Canada is available here.
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