American expats (CANADIANS who are now referred to by the Harper government as “Americans who happen to reside in Canada” / “US taxpayers in Canada”) are planning a charter challenge of an agreement that takes effect in July, requiring Canada’s tax department to forward information from banks about their clients’ U.S. connections to the U.S. Internal Revenue Service.
I cannot comment as I do not “do” Facebook. I will send my Letter to the Editor. It will go something like this:
Gwen, thank you for being interviewed and reporting Edmonton’s information session on the problem of US citizenship-based taxation law for Canadians who are deemed US Persons in Canada.
The intergovernmental agreement that Canada has negotiated and signed with the US to bring this foreign law into our formerly sovereign country has been hidden and is now in the process of approval of legislation to implement starting July 1, 2014. This is a result of US citizenship-based taxation law — the rest of the world, including Canada, taxes on residence — that taxes and account reporting is for the country in which a person lives, works, receives benefits. The US is searching for US Persons the world over — and it is not about taxes owed but rather about the horrendous penalties for not having known. Those deemed US Persons are being criminalized by the US coming into every country in the world. The tax evaders the US looks for reside, for the most part, in the US and send their untaxed money offshore. Canada is considered offshore and Canadians deemed US Persons are deemed to have foreign (offshore) accounts even though they are to us local Canadian accounts in our banks, credit unions and insurance companies. Spouses, children and business partners can be as affected as the deemed US Person. And, so can the many Canadian snowbirds if they snowbird outside the US rules and required yearly compliance forms.
This will set a precedent that the rights under the Canadian Charter of Rights and Freedoms be waived for a segment of Canadian society. They will be second-class Canadians to any other, no matter the first-class Canadian’s national origin or the national origin of their parents / grandparents. Who will then be the next country able to bring their law into Canada to search for Canadians of another national origin?
My hope is that this gets in front of every Canadian person who will decide such action is absurd and wrong and join us in the Canadian Charter Challenge to either stop or reverse implementation of the US FATCA IGA law in Canada. I hope that others will agree that implementation of the FATCA IGA could be buried in Bill C-31 omnibus bill without debating on its own merits and with the citizens of Canada is appalling.
Should Canada remain a SOVEREIGN nation with a Charter of Rights and Freedoms that mean the same for all Canadians?
John Richardson presented a similar information session in Calgary on Saturday. We thank him very much for coming to Alberta to foster more awareness and encourage those affected, rather than to react, to pause, determine whether or not they REALLY CAN BE DEEMED a US PERSON.
Do a lot of research and only then, work in whatever way you can best protect yourself and your Canadian family.