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NEW YORK, September 8, 2011 - - Self-Insuring in Bermuda Means Returning Profits Tax-Free to Canada The Tax Information Exchange Agreement (TIEA) between Canada and Bermuda took effect on July 1, creating for Canadian companies a benefit previously unavailable-precisely, the fact that Bermuda-earned dividends of foreign affiliates based in Bermuda that are paid to Canadian parent companies are now exempt from Canadian taxes.