FATCA overview
Commercial Banking – Canada
The Foreign Account Tax Compliance Act (FATCA) is legislation introduced by the United States Department of Treasury (Treasury) and the US Internal Revenue Service (IRS) to counter tax evasion in the US. HSBC is committed to being fully FATCA compliant in all countries and jurisdictions where we operate, in accordance with the legislative timeline.
In Canada, the principles of FATCA have been brought into our local laws. This means that HSBC may need to provide information on US accounts to the Canada Revenue Agency.
In order to establish your tax status, we need to obtain certain documents from you. These documents are self-certification forms that will enable you to declare and confirm your tax status to us for the purposes of FATCA.
Please read the information carefully and select the document that you need to confirm your tax status to us.
There are two types of self-certification forms:
- Declaration of Tax Residence for Entities (382KB, PDF): Download PDF: Link opens in a new window: If you are a business HSBC Bank Canada account holder, please use this form to confirm your business’ status under FATCA or the CRS.
- Individual Tax Residency Self Certification Form (59KB, PDF): Download PDF: Link opens in a new window: If you are a Sole Proprietor, please use this form to confirm your business’ status under FATCA the CRS.
HSBC cannot offer any advice relating to FATCA, and we recommend customers contact a professional tax advisor to discuss their tax situation if needed.
Should you have problems printing the form you need, please contact your local branch.
(Page last updated September 2018)