Fatca equivalent

[Alfrankenstein]

Will all offshore banks report to fatca? What is canadas equivalent to fatca?

 

[Forester]

The vast majority‌ (nevertheless exceptions exists). Even if the relevant country did not signed for FATCA with the‍ US government, the bank can enter this mechanism voluntarily – and in many cases enters,⁠ as otherwise it can face troubles with access to USD payments.
AUTOMATIC EXCHANGE OF INFORMATION (AEOI) agreement (often referred⁣ – mistakenly – as CRS; CRS means Common Reporting System that is a mechanism invoked⁢ by AEOI). For Canada since 2018.