Local Client Base (under FATCA) Credit Unions in Canada – an update #GATCA

By way of background, as per the Canadian IGA, credit unions can apply to be classified as a “local client base” financial institution. In this case, the credit union would be FATCA compliant by reporting to the IRS only the names of clients who are US residents – the names of clients who are US …read more

via Tax samurai http://bit.ly/1Ai3lyc