US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘IGA (Intergovernmental Agreement)’

AndersenTax

Will FATCA Be Implemented in Canada?

Some commentators have suggested Canada’s recently signed Intergovernmental Agreement (“IGA”) with the US violates Canada’s Charter of Rights. If they are right and the IGA is implemented, it may be overturned by Canadian courts. The IGA is an agreement that modifies the US’s Foreign Account Tax Compliance Act (“FATCA”). FATCA and the IGA FATCA is primarily a reporting system that requires financial institutions outside the US to identify their clients who are US persons (including US citizens, residents and green-card… Read More