Henry Chong, "Canada and FATCA", Tax Management International Journal, 2014, p. 527.

Summary Under
Tax Topics - Treaties - Canada-US Enhanced Tax Information Agreement Implementation Act [FATCA IGA] - Article 4 - Section 2
No direct reporting to IRS means no breach of privacy laws (p. 536)

The FATCA Regulations recognize that there will be differences between the...

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Summary Under
Tax Topics - Treaties - Canada-US Enhanced Tax Information Agreement Implementation Act [FATCA IGA] - Article 5 - Section 2
Exclusion of private trusts from Financial Institutions in ITA s. 263(2) (p. 537)

[S]ection 263(2) of the Act provides that the definition of...

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