Guidance on the Common Reporting Standard, Part XIX of the Income Tax Act, 19 December 2025

Obligation to comply independent of FATCA

6.1 Reporting financial institutions must comply with verification and due diligence procedures under...

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CIV (but not a REIT) is generally considered an investment entity

3.21 An entity is generally considered an investment entity if it functions or...

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Residence of partnership

3.32 A Canadian financial institution can take the form of a partnership. If the place of effective management of a...

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Para. (k) applies even if promotion directed at a small group of potential investors

3.37 Paragraph k) of the definition of listed financial...

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Relevance of active/ passive NFE distinction

4.3 There are two types of NFEs: active and passive. The distinction is important since a reporting...

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Administrative approach to avoiding duplicate reporting

10.13 Administratively, when subsections 277(4) and (5) apply, the CRA allows the...

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