CRA sending details of bank accounts to IRS that dont have to be reported

Author: External Author | | Categories: Small Business Accounting

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The Canada Revenue Agency has been reporting hundreds of thousands of Canadian bank accounts to the Internal Revenue Service, despite the fact that they fall below the mandatory reporting level set in an agreement between Canada and the United States.

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Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Elizabeth Thompson 

Original Article Posted on:  Mar 22, 2021

Link to Original Article:  https://www.cbc.ca/news/politics/tax-fatca-canada-us-1.5957194



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