In collaboration with AmCham Canada, the Program for International Competitiveness presents:
IRS Requirements for Canadians Doing Business in the
Martha Kittell and Marc Belanger, US Tax Experts, KPMG Montreal
Canadian individuals, companies and their employees who do business in the United States may be surprised to learn that they may now have to report detailed financial information to the IRS about their Canadian bank and financial accounts. Canadians and other foreigners could face hefty U.S. fines and potentially even criminal penalties if they don't comply.
AmCham Canada believes these expanded reporting rules pose a barrier to Canada-U.S. trade. Canadians may view these rules as an invasion of privacy and may decide to limit travel to the United States if it means they must provide their financial information to the IRS.
The attached article written by Tim Garside, Vice-President, AmCham Canada appeared in the May 6 edition of the National Post. Since the appearance of this article and clarification requests to Washington by AmCham Canada representatives, the U.S. Government has indicated it is delaying the introduction of these measures for a year. Montreal-based KPMG tax experts will discuss the proposed regulations and answer questions at this event.
Date & Time: September 16, 2009 8:00 - 9:30AM
Salon Maisonneuve, 36th Floor
Marriott Chateau Champlain Hotel (Peel and LaGauchetiere)
Alumni: $35 (all taxes included)
Students: $25 (all taxes included)
Pre-registration is required.
For registration click here