Canada has 94 tax agreements in force,1 as reported in its response to the Peer Review questionnaire. Forty-two of those agreements comply with the minimum standard.
Canada signed the MLI in 2017 and deposited its instrument of ratification on 29 August 2019. The MLI entered into force for Canada on 1 December 2019. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Canada indicated in its response to the Peer Review questionnaire that steps have been taken (other than under the MLI) to implement the minimum standard in the agreements with Brazil, Germany, Norway, Switzerland and the United States.
Canada is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2