Transfer of Canadian banking records to US tax agency doubled last year

Banking records of more than 315,000 Canadian residents were turned over to the U.S. Internal Revenue Service last year under a controversial information sharing deal, CBC News has learned. 

That is double the number transferred in the deal’s first year.

The Canada Revenue Agency transmitted 315,160 banking records to the IRS on Sept. 28, 2016 — a 104 per cent increase over the

FULL ARTICLE http://www.cbc.ca/news/politics/taxes-internal-revenue-service-fatca-united-states-1.3954789

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