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YOFVANCOUVERCITY CLERK\'S DEPART ENT Access to Information & PrivacyFile No.: 041000202020138March 11, 2020.2Dears. Z2Tl Re:Request for Access to Records under the Freedom of Information and Protection
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Canada-US Relations - CRS stands for Common Reporting Standard, an international standard for the automatic exchange of financial account information between tax authorities to help combat tax evasion and ensure compliance.
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To fill out Canada-US Relations - CRS, financial institutions need to collect relevant information about their account holders' financial accounts and report it to the tax authorities.
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The purpose of Canada-US Relations - CRS is to increase tax transparency and prevent tax evasion by facilitating the exchange of financial account information between countries.
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Financial institutions must report information such as the account holder's name, address, tax identification number, account balance, and income generated from the account on Canada-US Relations - CRS.
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