This is a print version of part of a November 19 CBC radio interview in which a representative of the Canadian Bankers Association as well as Allison Christians (Chair of Tax Law at McGill University) and a U.S. person in Canada were interviewed.
The title of this November 25 CBC update “Canadian banks to be compelled to share clients’ info with U.S” is incorrect as the banks are aware that they have the option to resist FATCA and lobby seriously for its repeal.
It might be significant that the CBC/CBC reporter selected the pointed phrase that our financial institutions are being “deputized by the IRS.”
@Em notes below that there are 650 comments already (7:45 pm) on this CBC site– with most anti-FATCA (and not from the usual Brocker/Sandboxer crowd)
Some commenters do not understand FATCA and ask: “What are people so afraid of if they have nothing to hide?”
See the CBC link: