Similar Posts

One Comment

  1. “I have not seen banks demand proof of termination of U.S. citizenship.”

    My Canadian bank has recently done just that. My receipt for renunciation (which clearly says “renunciation” on it) is not sufficient.

    The bank auditors want the CLN, even though the Canada-U.S. IGA specifies in Annex I, subparagraph II(4)(a)(3)(a) that “a reasonable explanation” for not being able to produce the CLN is enough.

    You can bet that, once my CLN arrives, I’ll be changing banks at my first opportunity.

Comments are closed.

Tax laws change over time, and the information in this post above may be less accurate today than it was at the time of the last revision. This post is not tax advice for your specific situation. Please contact an international tax professional to get personalized advice for your situation.