Feigenbaum Law

FATCA

FATCA

Personal Tax Planning

FATCA Fight Heads to the E.U.

Last week we blogged about the sharp increase in the number of financial records of Canadian taxpayers sent by the Canada Revenue Agency (CRA) to the Internal Revenue Service (IRS) under the often-controversial Foreign Account Tax Compliance Act (also known as FATCA). As uncovered by CBC News, the CRA sent 900,000 records to the IRS in September 2019: up from 700,000 the previous year. Overall, more than 2.5 million records have been provided to… Read More

FATCA

Personal Tax Planning

10 Years Post FATCA: The Sharing of Canadian Bank Account Information with the U.S. has Increased

As we near the end of 2019 and the start of a new decade, CBC News is reporting that the number of Canadian bank records that are being shared with the Internal Revenue Service (IRS) has increased greatly. This sharing of information is a result of the¬†Foreign Account Tax Compliance Act, commonly referred to as FATCA, legislation which was introduced nearly 10 years ago and which has had a significant impact on tax… Read More