Tuesday, March 3, 2020

U.S. tax rules raising the stakes for Canadian residents with American citizenship

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Many Canadian residents with U.S. citizenship could have problems with their banks and other financial institutions in coming months unless they provide them with a U.S. identification number, CBC News has learned. Experts say those who refuse or who can't could face fines or the risk of their bank accounts being closed.



source https://www.cbc.ca/news/politics/canada-u-s-tax-fatca-1.5482687?cmp=rss

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