As we've discussed previously, under the Inter-Governmental Agreement signed between Canada and the U.S. relating to FATCA, non-exempt Canadian Financial Institutions are required to register on the IRS FATCA portal and receive a Global Intermediary Identification Number (GIIN) in order to be FATCA-compliant.
The Foreign Financial Institution list search function is now up and running and Financial Institutions that have registered, have been accepted, and have been assigned a GIIN can be accessed on the IRS website.
For more information on FATCA, and Canadian compliance requirements, see our previous posts on the subject.
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