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Archive for the ‘Canada’ Category

2014 Feb 11 – Caldwell

 
Theo Caldwell
Canada’s U.S. tax capitulation
Financial Post (11 Feb 2014)

http://opinion.financialpost.com/2014/02/11/canadas-u-s-tax-capitulation/

“Canada’s leaders … have committed a craven surrender of national sovereignty.”
 

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Written by usxcanada

11 February 2014 at 6:00 am

Posted in Canada, Uncategorized

2014 Feb 8 – Christians

 
Allison Christians
Canada-US Agreement Reached on FATCA Data Sharing
Tax, Society & Culture (8 Feb 2014)

http://taxpol.blogspot.co.nz/2014/02/canada-us-agreement-reached-on-fatca.html

McGill-based taxation expert Christians provides “some of the most useful links” to matters relating to the Canada-United States agreement on FATCA.
 

Written by usxcanada

8 February 2014 at 6:00 am

Posted in Canada, Uncategorized

2014 Feb 7 – Tedesco

 
Theresa Tedesco
Ottawa had little choice in signing controversial deal with U.S. tax man
Financial Post (7 Feb 2014)

http://business.financialpost.com/2014/02/07/ottawa-had-little-choice-in-signing-controversial-deal-with-u-s-tax-man/

Canadian bank clients in Canada will be required to certify that they are not US persons. The large costs of compliance will be borne by customers of Canadian banks.
 

Written by usxcanada

7 February 2014 at 7:00 am

Posted in Canada, Uncategorized

2014 Feb 7 – Whiteley

 
Don Whiteley
Canada capitulates on FATCA agreement
BC Business (7 Feb 2014)

http://www.bcbusiness.ca/finance/canada-capitulates-on-fatca-agreement

“Arguably the most successful assault on Canada since the War of 1812,” FATCA “drastically complicates tax compliance for more than seven million U.S. expats living and working in other countries.”
 

Written by usxcanada

7 February 2014 at 6:00 am

Posted in Canada, Uncategorized

2014 Feb 5 – Canada

 
Canada and U.S. reach agreement on Foreign Account Tax Compliance Act
Canada, Dept. of Finance (5 Feb 2014)

http://www.fin.gc.ca/n14/14-018-eng.asp

Government of Canada news release on FATCA agreement with United States.
 

Written by usxcanada

5 February 2014 at 12:00 pm

2014 Feb 5 – Egan

 
Louise Egan / Patrick Temple-West
U.S., Canada forge deal in global anti-tax dodger push
Reuters U.S. (5 Feb 2014)

http://www.reuters.com/article/2014/02/05/us-usa-fatca-idUSBREA141U820140205

“Under the [FATCA] agreement, Canadian tax authorities will collect information from the country’s banks and share it with the IRS under an existing bilateral tax treaty.”
 

Written by usxcanada

5 February 2014 at 11:00 am

Posted in Canada, Uncategorized

2014 Feb 5 – Fitz-Morris

 
James Fitz-Morris
FATCA tax deal with U.S. takes some heat off Canadian banks
CBC News (5 Feb 2014)

http://www.cbc.ca/news/politics/fatca-tax-deal-with-u-s-takes-some-heat-off-canadian-banks-1.2524444

“The most contentious aspects of the law remain intact … the requirement for financial institutions to flag the account information of “U.S. persons” for the U.S. Internal Revenue Service to then verify if all taxes have been paid.”
 

Written by usxcanada

5 February 2014 at 10:00 am

Posted in Canada, Uncategorized