Tax Information Exchange Agreement Signed Between Canada and Grenada
July 19, 2017
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. The Agreement shall enter into force on the date of the later notice by which each Contracting Party has notified the other of the completion of its necessary internal procedures for entry into force of the Agreement.
Negotiations for a tax information exchange agreement with Grenada commenced on November 27, 2010.
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.
For further information contact:
Tax Legislation Division
Phone: (613) 369-3678
Please visit the Canada Revenue Agency's website for information on tax treaties and other information on international tax issues for business or individuals.
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