Monday, March 22, 2021

CRA sending info about bank accounts to the IRS that don't have to be reported

li-irs-fatca-620-is5794815

The Canada Revenue Agency has been reporting hundreds of thousands of Canadian bank accounts to the Internal Revenue Service, despite the fact that they fall below the mandatory reporting level provided for in an agreement between Canada and the United States.



source https://www.cbc.ca/news/politics/tax-fatca-canada-u-s-1.5957194?cmp=rss

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