Mr. Chair, our government is committed to working with its international partners to improve compliance and address cross-border tax evasion. Canada is one of more than 90 jurisdictions that intend to implement the OECD's G20 common reporting standards in the automatic exchange of financial account information.
It is proposed that this standard be implemented in Canada as of July 2017, allowing for the first exchange of information in 2018. I have been in meetings with the G20, where we discussed this issue.