Finance’s Tax Information Exchange Agreement (TIEA) with the Cook Islands is now in force.
This new TIEA between Canada and the Cook Islands is in force as of December 18, 2017 and so, under Article 12 of the TIEA, the agreement generally applies to taxable periods beginning on or after that date. Where there is no taxable period, the agreement will apply to all tax charges arising on or after that date. The initial agreement was originally signed on June 15, 2015.
For more information, contact your KPMG adviser.
Information is current to January 09, 2018. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500