Global Information Reporting

Is your organization prepared to handle information reporting and regulatory obligations?

Financial institutions are increasingly challenged by demands from tax authorities and regulators with respect to information reporting requirements.

Our team of seasoned professionals has helped guide some of North America’s largest financial institutions, mutual fund companies, brokers and multinational corporations through the complex layers of withholding and reporting requirements under Canadian, US and global regulations.

How PwC can help

Our PwC Global Information Reporting team has the experience and knowledge to guide you through the obstacles to ensure your organization attains compliance and maximizes efficiency with its reporting requirements.

We provide guidance and expertise in areas ranging from FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) to QI (Qualified Intermediary) and PFIC (Passive Foreign Investment Company) reporting. Through our worldwide network of financial and information reporting professionals, we can address complex issues arising in Canada or wherever your business takes you.

Compliance program design and implementation
Compliance program assessment
Periodic Review support, including waivers
Certification of internal controls support
Customer onboarding, due diligence and documentation reviews and remediation
Annual compliance process review, design and support
Stakeholder training and continuing education
CRS/FATCA/QI systems harmonization

Legal entity analysis, classification and registration support
Customer onboarding, due diligence and documentation reviews and remediation
Systems and processes design and reviews
Annual FATCA information reporting
Stakeholder training and continuing education
FATCA compliance health checks
CRS/FATCA/QI systems harmonization

CRS compliance programs development and implementation
Legal entity analysis, classification and registration support
Pre-existing account holder due diligence assistance
Customer onboarding and documentation reviews
Systems and processes design and review
Annual information reporting in participating jurisdictions
Stakeholder training and continuing education
CRS/FATCA/QI systems harmonization

871(m) impact assessment, implementation and stakeholder education
Chapters 3 and 61 support and health checks
302 & 305(c) implementation and support
Payee documentation and process reviews
IRS and CRA audit and controversy support
PFIC reporting
FBAR consultation and compliance
Withholding foreign partnership and withholding foreign trust consultation, implementation and compliance
Automation and robotics