Many of us who have been part of the community here at Isaac Brock Society, have been writing our various MPs, the Finance Minister, and other politicians on a regular basis for months now to complain about FATCA. The Conservative government ignored our pleas and signed a deal with the devil, selling the soul of Canadian sovereignty along with the rights of a sub-class of Canadians, in return for the removal of extortionate threats directed at Canadian banks.
Until very recently, few Canadians with ‘US person’ status, living in Canada, had even heard of FATCA, never mind USA’s unique to the world citizenship-based taxation laws. Those numbers are starting to increase rather dramatically as is evident by the many new visitors to this website. If all our new ANTI-FATCA friends would also take some time to educate their MPs about FATCA, and ask them to do something to stop it, they might start to think twice about ramming FATCA down the throats of 1 million plus voters.
Disconcertingly, it has been apparent from some of the recent comments we’ve heard from certain MPs regarding the signed IGA, that many are unaware of the grievous harm that FATCA in combination with citizenship-based taxation will do to Canadians with ‘US person’ status. Since it appears that the Conservative party’s intent is to push FATCA through parliament as stealthily as possible, it is imperative that our MPs actually understand what they are voting for, or hopefully AGAINST!
If you haven’t already, and even if you have, please email or write your MP, and help him/her to understand the ugly truth about FATCA and citizenship-based taxation.