The Supreme Court of Canada will not hear a challenge of legislation that allows account information held by Canadian financial institutions to be shared with U.S. authorities.
The case began when two U.S.-born women who now live in Canada contested the Canadian provisions implementing a 2014 agreement between the two countries that made the information-sharing possible.
The two unsuccessfully argued in lower courts that the provisions breach the Charter of Rights and Freedoms guarantee preventing unreasonable seizure.
The U.S. Foreign Account Tax Compliance Act requires banks and other institutions in countries outside the United States to report information about accounts held by U.S. individuals, including Canadians with dual citizenship….