‘As mentioned in our call (bubblebusin’s husband), IRS is a budget issue, given the large amount of funds potentially payable to the US Government by Canadians; the effect on many self-employed people and entrepreneurs of compliance with these rules; and the damage to bilateral trade and commerce should the Americans make FBAR compliance and issue relevant to trans-border activity.
You may want to make a Pre-2013 Budget Submission to the Finance Committee, if only to get the matter onto their agenda.
Finance Committee of the House of Commons: Deadline-Aug 3, 2012 for initial submission (elaboration may be provided thereafter)
Go to the Finance Cttee website-”Pre-Budget Consultations”. Complete the 5 questions, which, among other things, advise the Committee how the proposed project may advance the Conservative Government’s priorities of the promoting economic growth and jobs.
Last year, the Finance Committee received over 400 submissions. Only 100 groups were invited to present. The proponents should clearly identify their interest in presenting their case to the Committee. A brief submission is more likely to be read than a long one. The deadline of Aug 3 is critical, even if more information has to be provided later-at least answer the 5 questions!
Should you proceed, John would back you up with a submission to the Minister of Finance in the Fall.’
If I am fortunate enough to have Mr Weston back me up with a submission made directly to the Minister of Finance, I would REALLY appreciate it if all Canadian Brockers help me craft something that best expresses our concerns.
Please use the link to the questions, and post here any comments that would be relevant to any of the questions.