Canada: FATCA update; new CRS guidance released | KPMG | US

Canada: FATCA update; new CRS guidance released

Canada: FATCA update; new CRS guidance released

The Canada Revenue Agency on 22 March 2017 updated its FATCA guidance and released new guidance for common reporting standard (CRS), new optional self-certification forms, and the list of participating jurisdictions for CRS purposes. The information pages containing background information for individuals and entities holding accounts with Canadian financial institutions have also been updated.

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Read a March 2017 report [PDF 95 KB] prepared by the KPMG member firm in Canada

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