Mr. Gallivan, I'll direct this question to you. In the minister's opening remarks, she said that there were 92 tax treaties and 22 other tax information agreements in force around the world.
We have a robust system of information and declaration. When you're dealing bilaterally with other countries and they're asking us for tax information within these agreements, I'm confident that the information that we would provide would be second to none.
When the CRA asks another country for bilateral information, what guarantee do we have that the information that they're providing to us meets the same high standards we apply when we convey that information to them? That is my concern.
Do we have a standard that we can apply? The information going out probably meets a high standard, but the information being received from other tax regimes may not meet our standard. How do we assess that the information we're getting is clear and transparent?