As of July 1, 2014, all foreign, i.e., non-American financial institutions providing financial products and services must comply with the U.S. Foreign Accounts Tax Compliance Act (FATCA).
What is FATCA?
FATCA is a law enacted by the United States government aimed at preventing U.S. citizens and residents for tax purposes from engaging in tax evasion involving foreign financial accounts. How do you comply?
Our contract enrolment and change forms have been updated with questions to identify people who are U.S. residents for tax purposes or American citizens. The new fields are mandatory and you are responsible for making sure that they are duly completed. The question added to our forms is the following: For individuals:
Is one of the applicants a U.S. citizen or a U.S. resident for U.S. tax purposes? Yes | No
If yes, please provide below the name and tax identification number (TIN) or SSN of each individual.
For an entity:
Please refer to forms F1A (14-07), F1EA (14-07) or F51-208A (14-07). For more details Additional information, CLHIA Material for advisors and CRA website
Administration and forms: What you need to know Versions required as of July 1, 2014: F1A and F1EA:
The new version (14-07) can be ordered in hard copy starting June 23. Please recycle older versions you have in stock. The electronic versions will be in the Extranet Document Center starting July 1st. F30A, F51-208A:
These forms are available in electronic versions only. The new version (14-07) will be available in the Extranet Document Center starting July 1st. F17A:
(1) Individual: The versions prior to (14-01) that are still accepted must respect the following condition: When opening non-registered contracts, the new F51-208A(14-07) version must be joined. Please refer to the Accepted Forms List.
Company: Form F51-208A(14-07) must be joined to form F17A at all times.
If you have any questions, please contact your service team. | 
Printer-friendly version
PDF version
