Part XVIII - International Exchange of Information on Financial Accounts

Part XVIII is available as an add-on module for AvanTax eForms Enterprise.

Under Part XVIII of the Income Tax Act, Canadian financial institutions are required to:

  • apply due diligence procedures to identify U.S. reportable accounts and accounts held by non–participating financial institutions; and
  • annually report to the Canada Revenue Agency (CRA) the information required on a Part XVIII Information Return