Foreign Bank Accounts & Foreign Life Policies

April 29, 2013
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Foreign Bank Accounts
If you have opened a foreign bank account during the tax return year you must provide the following information to the Revenue:

  • Name & address of deposit holder
  • Date account was opened
  • Amount of opening deposit
  • If applicable the name & address of intermediary who opened account

Foreign Life Policies
For policies issued during the tax return year you must provide the following information:

  • Name & address of person who commenced the foreign life policy
  • Terms of the policy
  • Annual premiums payable
  • Name & address of the person through whom the foreign policy was acquired