In this context, the OECD has developed the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (CbC MCAA). It draws heavily on the MCAA CRS and is based on Article 6 of the Multilateral Convention on Mutual Assistance;21 For the exchanges between two signatories to be effective, each competent authority must have completed the notification procedure, which requires, among other things, the implementation of appropriate national legislation and a list of legal systems with which the automatic exchange of CBCR, reciprocal or not, is expected. Double taxation agreements are designed to avoid international double taxation and avoid income tax evasion and capital taxes. Canada`s double taxation conventions are generally designed according to the 1963 OECD convention model. It contains Article 26 on the exchange of tax information on a bilateral basis. This article governs the exchange of information on demand between contracting states. In short, it does not require tax authorities to receive information that they have not been able to obtain in accordance with their national laws, nor to provide information on the disclosure of trade, professional or professional secrets. A TIEA is a mechanism for obtaining tax information from countries that have not signed a double taxation agreement with Canada; most are jurisdictions without a tax system. In 2002, the OECD developed a model for the exchange of tax information.
All Jersey TIEAs comply with international standards and largely follow the oecd`s standard agreement on the exchange of information on tax issues. This agreement, published in April 2002, is not a binding instrument, but includes two models of bilateral agreements. Many bilateral agreements are based on this agreement (see below). Thus, since 2014, Canada has been able, on request, to share information with other signatories for whom the convention came into force, as long as this information is predictable for the application of tax rules. Tax Information Exchange Agreements (TIEA) provide for the exchange of information on request in the context of a specific criminal or civil tax investigation or civil tax matter under investigation.  A TIEA model has been developed by the OECD Global Forum Working Group on Effective Information Exchange.