Canadian court rules against 'Gwen and Kazia' challenge of FATCA information-sharing law's constitutionality

An appeals court in Ottawa has affirmed the constitutionality of the way the Canadian government allows Canadian financial institutions to share the information of their U.S. account-holders with the authorities in the U.S., ending the latest round of a years-long battle by two U.S. born Canadian women who are known informally to their supporters as "Gwen and Kazia." 

  • News

Canadian court is latest to reject FATCA legal challenge

A Federal Court in Ottawa on Monday dismissed the latest legal effort by two dual Canadian/U.S. citizens to block Canada’s implementation of the U.S.’s Foreign Account Tax Compliance Act, dealing a blow to thousands of Americans with dual citizenship and consequent tax obligations not just in Canada but, supporters of the plaintiffs argue, around the world.

  • Tax

Long-awaited Canada FATCA trial kicks off on Monday, with 'live webcast'

A trial in which a group of Canadian/American citizens are seeking to challenge the constitutionality of the Canadian government's enforcement of America’s FATCA legislation is set to begin on Monday in a federal courthouse in Vancouver, British Columbia, and will be broadcast live via a "webcast", according to sources involved in the lawsuit.

  • Tax
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Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...

Mar-18-2023