The American Institute of CPAs is asking the Treasury Department to provide tax relief to the cross-border savings accounts of U.S. and Canadian citizens.
In addition, the AICPA urged the Treasury Department to work with the Canadian Department of Finance to provide similar relief as appropriate. Requests comparable to the AICPA’s are being submitted by the Chartered Professional Accountants of Canada
FULL ARTICLE http://isaacbrocksociety.ca/2016/03/07/aicpa-recommends-that-treasury-implement-measures-to-reduce-tax-and-reporting-burdens-associated-with-various-cross-border-deferred-and-tax-exempt-savings-accounts/
Tagged: Isaac Brock Society
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