Canada–United States Enhanced Tax Information Exchange Agreement Implementation Act (S.C. 2014, c. 20, s. 99)

Marginal note:Short title

1 This Act may be cited as the Canada–United States Enhanced Tax Information Exchange Agreement Implementation Act.

Definition of Agreement

2 In this Act, Agreement means the Agreement between the Government of Canada and the Government of the United States of America set out in the schedule, as amended from time to time.

Marginal note:Agreement approved

3 The Agreement is approved and has the force of law in Canada during the period that the Agreement, by its terms, is in force.

Marginal note:Inconsistent laws  —  general rule

• 4 (1) Subject to subsection (2), in the event of any inconsistency between the provisions of this Act or the Agreement and the provisions of any other law (other than Part XVIII of the Income Tax Act), the provisions of this Act and the Agreement prevail to the extent of the inconsistency.

• Marginal note:Inconsistent laws  — exception

  (2) In the event of any inconsistency between the provisions of the Agreement and the provisions of the Income Tax Conventions Interpretation Act, the provisions of that Act prevail to the extent of the inconsistency.

Marginal note:Regulations

5 The Minister of National Revenue may make any regulations that are necessary for carrying out the Agreement or for giving effect to any of its provisions.

Marginal note:Entry into force of Agreement

• Footnote ^*6 (1) The Minister of Finance must cause a notice of the day on which the Agreement enters into force to be published in the Canada Gazette within 60 days after that day.

• Marginal note:Amending instrument

  (2) The Minister of Finance must cause a notice of the day on which any instrument amending the Agreement enters into force to be published, together with a copy of the instrument, in the Canada Gazette within 60 days after that day.

• Marginal note:Termination

  (3) The Minister of Finance must cause a notice of the day on which the Agreement is terminated to be published in the Canada Gazette within 60 days after that day.

  • Return to footnote ^*[Note: Agreement in force June 27, 2014, see Canada Gazette Part I, Volume 148, page 2234.]