A constitutional challenge has brought against the Canadian government over its Foreign Account Tax Compliance Act (FATCA) agreement with the US on August 11, 2014. It alleges that the Canadian government has crossed its power of constitution. The FATCA agreement between Canada and US provides tax related information and was signed on February 5, 2014. The challenge complains that the treaty violates the Canadian Charter of Rights and Freedoms and it supports their financial information to be detained without a warrant.
Related Posts
IMF press briefing on US economy looks at tax and trade issues
February 27, 2026
On 25 February 2026 the IMF held a press briefing to discuss the issues raised by the article IV report on the US economy. The IMF emphasised that the US economy will continue to grow strongly in 2026 and 2027. US private sector entrepreneurs and
Read More IMF Report on US Recommends Tax and Duty Changes
February 27, 2026
On 25 February 2026 the IMF issued a report following consultations with the US under Article IV of the IMF’s articles of agreement. The IMF notes that the US economy performed well in 2025 and economic growth reached 2.2% by the end of 2025.
Read More IMF Country Focus Examines Canada’s Internal Barriers to Trade
February 27, 2026
On 27 January 2026 an IMF Country Focus looked at opportunities for Canada to increase growth by removing internal barriers to trade. The Country Focus with the title Canada Can Grow Faster by Unlocking Its Own Market, written by F Diez and Y. Yang,
Read More
Brazil welcomes zero tariffs on aircraft exports to US
February 26, 2026
Brazil's government celebrated the US decision on 24 February 2026 to eliminate tariffs on Brazilian aircraft imports, reducing duties from 10% to zero amid broader US trade policy shifts. The tariff removal significantly benefits Brazil's
Read More
US: IRS revises Section 987 income, foreign currency rules
February 26, 2026
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17:
Read More
US: USTR signals 15% tariffs for select nations
February 26, 2026
US Trade Representative (USTR) Jamieson Greer announced, on 25 February 2026, that tariff rates will increase to 15% or higher for certain countries, up from the current 10% rate that took effect on 24 February 2026. However, he did not specify
Read More