Harper Government joins forces with Canada's business community to fight the underground economy

Minister Findlay strikes first-ever Advisory Committee on the Underground Economy November 17, 2014 – Toronto, Ontario – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today hosted the inaugural meeting of the new Underground Economy Advisory Committee. The Advisory Committee, comprised of representatives from key industry stakeholder organizations…

Canada and Spain Sign New Tax Protocol

Agreement to prevent double taxation and international tax evasion November 18, 2014 – Ottawa, Ontario – Department of Finance Finance Minister Joe Oliver today announced the signing of a Protocol to amend the existing income tax convention between Canada and Spain. The Protocol was signed in Madrid by Canada’s Ambassador to Spain, Jon Allen, and…

Entry into force of the Tax Information Exchange Agreement between Canada and Bahrain

April 3, 2014 Full text of the Agreement The Agreement between Government of Canada and the Government of the Kingdom of Bahrain for the Exchange of Information on Tax Matters entered into force on April 3, 2014. The Agreement was signed on June 4, 2013. The Agreement has effect in accordance with the provisions of…

Protocol Signed Between Canada and Belgium

Protocol Signed Between Canada and Belgium April 1st, 2014 Full text of the Protocol A Protocol amending the Convention between the Government of Canada and the Government of the Kingdom of Belgium for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital was signed…

2014 Budget Overview

The federal budget delivered February 11 by Finance Minister Jim Flaherty did little to take attention away from the Olympics and Canada’s stellar early performance. As expected, the government is on track to return to a balanced budget in 2015 and is forecasting a surplus of $6.4 billion in 2015-16. Over the medium term, the surplus is…

Information Exchange Agreement Signed Between Canada and the United States

February 5, 2014 Intergovernmental Agreement for the Enhanced Exchange of Tax Information under the Canada-U.S. Tax Convention [PDF 203 Kb]  To access a Portable Document Format (PDF) file you must have a PDF reader installed. If you do not already have such a reader, there are numerous PDF readers available for free download or for purchase on…

Canada and U.S. Reach Agreement on Foreign Account Tax Compliance Act

February 5, 2014 – Ottawa, Ontario – Department of Finance Finance Minister Jim Flaherty and National Revenue Minister Kerry-Lynne D. Findlay today announced that, after lengthy negotiations, Canada and the United States have signed an intergovernmental agreement under the longstanding Canada-U.S. Tax Convention. In March 2010, the U.S. enacted the Foreign Account Tax Compliance Act (FATCA). FATCA…