Finance committee  But obviously—

Finance committee  It's obviously more revenue than we've been collecting so far. Yes, absolutely.

Finance committee  Do you want to comment on that, Ted?

Finance committee  —because Hong Kong made it clear they were not prepared to go—

Finance committee  That is since 2007.

Finance committee  That's right. We would have to amend the treaty.

Finance committee  I think you have to put it in context. Up until 2009, Hong Kong was not prepared to exchange information in a way that would override its bank secrecy laws. As of 2009 they announced that they were prepared to do exchanges of information, but on request only. All of the treaties

Finance committee  Well, one of the criteria you look at in determining whether the automatic exchange of information is suitable in a given relationship is the ability of the other side to protect the confidentiality of the information you provide to the other country and the use they will make of

Finance committee  That's correct. The article on exchange of information in our treaties accommodates on-demand, automatic, and spontaneous exchanges of information. Then it's up to the bilateral relationship to decide whether we're going to go to automatic. In our case, we have about 30 conventio

Finance committee  While it is the case that double taxation agreements are about eliminating double taxation and that the problem you are referring to is obviously of a different kind, I think the secretary-general is referring to the project that was launched by the OECD earlier this year on base

Finance committee  The terms of the treaty are such that it entertains explicitly only on-demand....

Finance committee  Thank you, Mr. Chair. I would like to thank the committee for inviting us to appear this morning to talk about Bill S-17, Tax Conventions Implementation Act, 2013. Canada has one of the most extensive networks of income tax treaties in the world, with 90 tax treaties currently