CBCradio

I.R.S. Could Pry Into Canadian Bank Accounts

The U.S. passed the Foreign Account Tax Compliance Act in hopes of recovering money shielded from tax in international banks. But it could compromise the privacy and finances of some Canadians with U.S. connections. Gwen has dual citizenship and she's worried she may be subject to American taxes. Tax expert Kevyn Nightingale offers his perspective. Listen audio (11:15)