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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.
Financial institutions, including banks, investment firms, and certain insurance companies, are required to file Canada-US Relations - CRS.
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.
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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