The Common Reporting Standard (CRS) is here.
Are you ready for new Part XIX of the Canadian Income Tax Act (ITA)?
The CRS represents the single largest global regulatory compliance project in Canada’s
history. The new law that takes effect on July 1, 2017 will impact financial accounts held by
individuals and entities at financial institutions throughout Canada. It will also impose rigorous
reporting obligations to the Canada Revenue Agency (CRA) for financial institutions as well
as for many companies and funds involved in offering financial services to the public.
Register today to gain insight on:
- A background and introduction to CRS
- An overview of new Part XIX of the ITA
- Source of Canadian and international laws comprising the CRS
- Financial entities which have reporting obligations to the CRA
- Financial accounts and financial data to be reported
- Exchange of information with 100 participating jurisdictions
- New compliance forms for individual and entity financial account holders
- Impact on private client practitioners with inbound and outbound clients
- Proactive strategies practitioners can take to avoid the pitfalls of the new law