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

FULL ARTICLE http://www.mondaq.com/canada/x/688752/tax+authorities/First+FATCA+now+CRS+Canada+signs+up+for+increased+transparency+measures+for+foreign+accountholders

Tagged:

Comments are closed.