On September 30, 2015, Justice Donald J. Rennie, on behalf of a three member panel  of the Federal Court of Appeal, denied the appellants’ motion for an interlocutory injunction prohibiting the disclosure of their financial records by the Minister of National Revenue to the U.S. Department of the Treasury pursuant to the IGA.

This would appear to give the Canada Revenue Agency a “green light” to turn over bank account information of U.S. persons residing in Canada to the Internal Revenue Service.