O'Sullivan Estate Lawyers LLP
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June 2013 Archives

What is "FATCA" and What Impact Does it Have for You?

The U.S. Government enacted the U.S. Foreign Account Tax Compliance Act ("FATCA") in 2010 to combat offshore tax evasion, introducing detailed reporting requirements which affect some Canadian individuals with U.S. connections and Canadian financial institutions. But did you know these requirements could also affect some Canadian trusts and that trustees of these trusts may need to take compliance steps before January 1, 2014? In this blog we review some requirements of FATCA, and how they may affect Canadian residents.

We are a top-ranked and peer recognized firm, including Margaret O’Sullivan by Chambers Canada High Net Worth 2018 as one of the top six private client lawyers in Canada

  • Best Lawyers Award Badge
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  • Top Ranked HNW Chambers 2018 Margaret O'Sullivan
  • Recognized in WHO'S WHO LEGAL | WWL
  • Recognized in WHO'S WHO LEGAL | WWL | Canada 2017
  • The | Law Reviews | Expert Panel 2018
  • Top Ranked Canada Chambers 2017 Margaret O'Sullivan
  • The Law Reviews | Expert Panel 2015
  • Step | Canada | Advising Families Across Generations
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