Mr. Speaker, in response to (a), negotiations for a tax information exchange agreement (TIEA) with Liechtenstein commenced in July 2010.
In response to (b), the Department of Finance has the lead responsibility for the negotiation of Canada’s TIEAs, in collaboration with the Canada Revenue Agency. The Department of Finance has the lead responsibility for the implementation of Canada’s TIEAs, in collaboration with the Department of Foreign Affairs and International Trade and the Department of Justice.
In response to (c), negotiations are ongoing. For an update on negotiations, please visit www.fin.gc.ca/treaties-conventions/tieraaerf-eng.asp.
In response to (d), in Canada, once a TIEA is signed, it must follow the government’s policy on tabling of treaties in Parliament. Under this process, a TIEA is required to be tabled in the House of Commons for a 21 sitting day period. Since no other legislative or regulatory steps are required for Canada to meet its obligations under a TIEA, once that period is completed, Canada is in a position to notify the other state of the completion of its internal procedures for the entry into force of the TIEA. A TIEA usually enters into force when both states have sent such a notification.
In response to (e), Canada had notified Liechtenstein regarding its interest to negotiate a TIEA in 2009.