PROGRAM FOR INTERNATIONAL COMPETITIVENESS BREAKFAST
In collaboration with AmCham Canada, the Program for International Competitiveness presents:
IRS Requirements for Canadians Doing Business in the
United States
Speakers:
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
Location:
Salon Maisonneuve, 36th Floor
Marriott Chateau Champlain Hotel (Peel and LaGauchetiere)
Montreal, Quebec
Cost:
Alumni: $35 (all taxes included)
Students: $25 (all taxes included)
Pre-registration is required.
For registration click here