The Competent Authority Agreement on Automatic Exchange of Information (2016) between Canada and Singapore entered into force on 27 February 2017. The agreement is expected to make sure Canada and Singapore will be able to begin from 2018, the automatic exchange of financial account information related to taxable periods or charges to taxes beginning on or after 1 January 2017 according to the OECD Automatic Exchange of Information Agreement (2014) (MCAA), on the basis of the Council of Europe – OECD Convention on Mutual Administrative Assistance in Tax Matters (1988), as amended by the 2010 protocol.
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