Agreement allows CRA to collect info from banks and share it with the U.S.
CANADIAN FINANCIAL SERVICES INSTItutions are likely to be dealing with a new global financial information-sharing compliance regime as early as next year, as governments continue to target offshore tax evasion. Last year, the Organization for Economic Co-operation and Development (OECD), at the request of the G8 group of nations, outlined a plan to implement a […]
New start date is July 1, 2014
Financial services firms will face daunting challenges
An intergovernmental agreement would be the best way to address the potential issues that may arise in Canada from proposed U.S. regulations
Early indications reveal that proposed revisions to FATCA appear to address some of the serious concerns of opposing lobbyists
Intergovernmental approach to implementation shows that the U.S. government is listening, IIAC says
One million residents may have U.S. tax-filing responsibilities
Withholding regime now set to begin in 2014
Terry Campbell, now leading the Canadian Bankers Association, says the banking sector is well positioned to deal with the many challenges it faces, both at home and abroad