close
Share with your friends

FIs — CRA extends deadlines for FATCA and CRS returns

FIs — CRA extends deadlines for FATCA and CRS returns

Canadian financial institutions will have until September 1, 2020 to make certain filings due to the COVID-19 outbreak.

1000

Related content

The CRA announced that it would extend the reporting deadlines for information returns related to the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) to September 1, 2020 (from May 1, 2020). In addition, the CRA indicated that for accounts opened before January 1, 2021 it would not apply penalties for failure to collect a self-certification under the FATCA and CRS rules at the time the account is opened.

Download this edition of the TaxNewsFlash to learn more.

© 2020 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal