Canada: First FATCA, Now CRS: Canada Signs Up For Increased Transparency Measures For Foreign Accountholders

Chances are if you’ve been doing business in Canada, you
know the country is strong on compliance and transparency.

Already a participating signatory to the Foreign Account Tax
Compliance Act (FATCA) – the US’s requirement that foreign
financial institutions report on foreign assets held by US account
holders – Canada has now also signed up to the OECD’s Common
Reporting Standard



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