Is your company affected by FATCA?

The U.S. government has enacted the Foreign Account Tax Compliance Act (FATCA) to combat offshore tax evasion by U.S. people.

In 2014 Canada and the U.S. have entered into an intergovernmental agreement (IGA) that in effect requires Canadian financial institutions (FIs) to comply with FATCA.

If your company is affected by FATCA; what are your immediate plans to deal with it?

Do you have any advice for our members on how to deal with it effectively.