Canada signed the Multilateral Competent Authority Agreement on GloBE Information Exchange on 6 February 2025, joining 26 other jurisdictions. The agreement enables the automatic exchange of tax information and reduces compliance costs by centralising filing for multinational groups.
The OECD has reported that Canada signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 6 February 2025.
The agreement is designed to enable the automatic exchange of GloBE Information Returns between tax authorities and to reduce compliance costs for multinational enterprise (MNE) groups by allowing them to submit their GloBE information through a single, central filing system.
The GIR is a standardised return and consists of two parts, namely a General Section that provides general information about the MNE Group as a whole, including its corporate structure and a high-level overview of the application of the GloBE Rules to the MNE Group, as well as one or more Jurisdictional Sections reflecting the detailed application of the GloBE Rules and the QDMTT, where applicable, in respect of each jurisdiction where the MNE Group operates.
The portions of the GIR to be provided to each jurisdiction where the MNE Group is operating are multilaterally agreed as part of the Dissemination Approach and depend on the MNE Group’s structure and the rule order under the GloBE Rules.
As of 17 February 2026, 27 jurisdictions have signed the GIR MCAA.
