7 June 2019 STEP Roundtable Q. 17, 2019-0798711C6 - Part XVIII of the Act -- summary under Subsection 266(1)

Respecting a query for statistics on how much has been transmitted to the IRS pursuant to Part XVIII and the Inter-Governmental Agreement, and as to whether “the US requested any further information in respect of any of the transmitted data.” CRA stated:

As of April 1, 2019, the CRA had sent over 700,000 records to the Internal Revenue Service (IRS) under the Canada/U.S. Intergovernmental Agreement (IGA) for the 2017 tax year. Apart from standard automated notifications to identify file and record level errors, no further information has been requested by the U.S. with respect to this data.

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