CANADA DOES ALL TO RATIFY TAX DEAL

Sun, Oct 23rd 2011, 11:00 PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE CANADIAN government has completed "all procedures necessary" to ratify the Tax Information Exchange Agreement (TIEA) it signed with the Bahamas last year, Sandra Slaats, a partner in Deloitte & Touche (Canada's) international tax group has told Tribune Business.

Mrs Slaats said: "The Canadian government has completed all procedures necessary to ratify the TIEA. The TIEA will come into force once the two governments notify each other that the TIEA has been ratified. Since we understand from the Bahamas Financial Services Board that the Bahamas has also ratified the TIEA, we expect this to occur ...

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