I always try to remind people that how you approach cross-border tax is unique to your circumstances. Sometimes, it’s just easier to get detailed information from a cross-border CPA and Chartered Accountant who can answer ALL of your questions. If that’s you, let’s schedule a call to get you some help.
Hey Mohammad, I have dual citizenship in Canada and USA. Does FATCA only applies in the US or does it imply in Canada as well?
Yes, it addresses those U.S. citizens who have foreign assets with a specific threshold.