Identified by JC: http://isaacbrocksociety.ca/media-and-blog-articles-open-for-comments-part-3-of-3/comment-page-41/#comment-7345612. Brock commenters are there; comments are open (closed on previous of Elizabeth Thompson’s posts on this).
Brison, Garneau endorse deal to share Canadian banking records with IRS
Two Liberal cabinet ministers who had criticized a controversial agreement to provide Canadian banking records to the U.S. Internal Revenue Service now say they support the deal.
Speaking on the way into a cabinet meeting Tuesday, Treasury Board President Scott Brison and Transport Minister Marc Garneau rallied behind the position adopted last week by Revenue Minister Diane Lebouthillier, supporting the deal struck under the Harper government that saw 155,000 Canadian banking records shared with the IRS last September.
Brison, who sharply criticized the deal and tried to have it amended when he was Liberal Finance Critic, said the Liberal government has to work with the agreement.
“The previous government negotiated with the Americans on this and we have certainly inherited the situation we have,” Brison told iPolitics.
“At the time, the previous government could have negotiated more effectively at that time. The question is where are we now and it is a difficult one necessarily to deal with retroactively.”
In 2014, Garneau accused the IRS of trying to get the Canada Revenue Agency to “do its dirty work” through the deal – a deal he now supports.
“I take the position that our government is taking now and has been expressed by the minister of revenue,” he said Tuesday.
The controversy centres on an agreement worked out between Canada and the U.S. in the wake of the U.S.’s decision to adopt the Foreign Account Tax Compliance Act (FATCA), which pressured financial institutions around the world to reveal information about bank accounts in a bid to crack down on tax evasion by U.S. taxpayers with foreign accounts.
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A second transfer of records to the IRS is scheduled for September 30, 2016.
While prominent Liberals, including Prime Minister Justin Trudeau, criticized the information sharing deal before the election, last week, Lebouthillier defended it.
“Minister Lebouthillier wants to reassure Canadians that all exchanges of information are subject to strict confidentiality rules,” reads the e-mail sent by Lebouthillier’s office.
“The CRA ensures that tax cooperation with its foreign partners is done in a manner fully consistent with privacy rights in Canada. It is important to note that Canada and the United States have a long history of exchanging tax information in a fair and responsible manner, going back to 1942.”
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etc., etc.
More later…
Thanks for continuing to shine the light for ALL Canadians to realize, Elizabeth Thompson! We need Canadian MSM to do the same.
We need to form a political party and run for office. As a Canadian, and PM DESIGNATE
…
My platforms would be…
1) a strong military
2) Canadian sovereignty
3) the absolute equality of all Canadians: immigrant or natural born.
As a Camadian born citizen, I take a strong stance against the encroachment of Foreign interests violating Canadian civil rights and am dedicated to the eradication of Canada’s ill-thought out FATCA capitulation. I would, upon election,
1) call all consul-generals of all countries to Parliament, whereupon I would give the US Ambassador and his consul generals in view of all the consul generals of the different nations presiding in Canada 72 hrs notice that unless they convince their government to back up on FATCA, that they will be evicted and the consulates closed down.
2) Canada has a duty to protect and defend all Canadians. I will levy a 30% tariff on all imports from and exports to the United States to recover monies paid to the IRS in penalties.
3) the borders will be shut to any new immigrants from the United States. All US landed immigrants will be given legal refugee status on the basis of human rights violations inflicted by the United States.
4) Canada will issue a statement at tge United Nations to the effect that Canada will not bow to extra-territorial encroachment by the United States.
Any Canadian who feels that the United States is overstepping its bounds as a nation is welcome to initiate his/her candidacy in any federal riding.
We won’t truly have a nation that is truly for Canadians and extols the value of: a Canadian is a Canadian is a Canadian until we have a political party willing to represent every single one of us.
AND as a IBS’r you know that I will not “flipflop” on the issue of FATCA.
I would not alliow a US diplomatic meeting on Canadian soil nor would I accept a US invitation to the White House unless they repealed FATCA.
My hardline would be to tell the US that unless they repeal FATCA in its entirety and let citizens cut their ties without crippling penalties then our door is shut and the US can start building that wall.
“3) the borders will be shut to any new immigrants from the United States”
That’s equally unfair as people who want to shut borders to refugees from Syria, Iraq, etc.
Allow them in as refugees as long as they immediately obey the Expatriation Act of 1868, which will be administered in Canada because Congress has spoken, for a fee of C$100.
Norm; it has undergone revisions and no doubt will undergo countless more. But forming a political party comprised of Canadians is a distinct necessity.
Amended:
The Canadian Sovereignty Party is tired of the Liberal Flipflop.
We need to form a political party and run for office. As a Canadian, and thus party leader… (OK. we can vote on it)
My platforms would be…
1) a strong military dedicated to national defense (our primary threats being Russia in the Arctic and the United States owing to their implementation of the vehicles of economic warfare against all other nations of the world) as our primary mission and we will step back and reconsider our role as a North American Treaty Organization member.
2) Canadian sovereignty
3) the absolute equality of all Canadians: immigrant or natural born.
4) Increased health care (addition of basic dental and prescription medications)
5) looking into a UBI for our most vulnerable.
6) the elimination of the foreign worker program.
7) removing the funding and thus the unnecessary waste of resources due to government funded programs that pick and choose who they are going to support and ignore pleas from others. (We’re looking at you Canadian Civil Liberties)
As a Canadian born citizen, I take a strong stance against the encroachment of Foreign interests violating Canadian civil rights and am dedicated to the eradication of Canada’s ill-thought out FATCA capitulation. I would, upon election,
1) call all consul-generals of all countries to Parliament, whereupon I would give the US Ambassador and his consul generals in view of all the consul generals of the different nations presiding in Canada 72 hrs notice that unless they convince their government to back up on FATCA, that they will be evicted and the consulates closed down.
2) Canada has a duty to protect and defend all Canadians. I will levy a 30% tariff on all imports from and exports to the United States to recover monies paid to the IRS in penalties.
3) the borders will be shut to any new immigrants from the United States. All US landed immigrants in Canada will be given legal refugee status on the basis of human rights violations inflicted by the United States. Any new Canadian immigrants applying from out of country for refugee status from the United States will be studied and approved on a case by case basis. Only refugee cases will be considered. Criminal cases with the exception of IRS instituted criminal sanctions will be considered for refugee status claims from Americans wanting to emigrate to Canada.
4) Canada will issue a statement at the United Nations to the effect that Canada will not bow to extra-territorial encroachment by the United States.
Any Canadian who feels that the United States is overstepping its bounds as a nation is welcome to initiate his/her candidacy in any federal riding.
We won’t truly have a nation that is truly for Canadians and extols the value of: a Canadian is a Canadian is a Canadian until we have a political party willing to represent every single one of us.
Just another reminder of how much evidence there is that Mr. Brison knows very well what the cost is to assisting the US with US extraterritorial claims to Canadian made, sited and owned savings:
” We have concerns that earnings from RESPs, and RDSPs, and contributions made by the Canadian taxpayer to those accounts were not intended to go into the U.S. treasury. Those contributions from the Canadian government were supposed to help people get an education, or help people with disabilities.”
http://www.parl.gc.ca/HousePublications/Publication.aspx?Language=e&Mode=1&Parl=41&Ses=2&DocId=6597204#Int-8359099
He notes that the Federal government and the Banksters are misleading when they crow about ‘exemptions’ for certain registered accts under the terms of the FATCA IGA, i.e. that exemption from the FIs and CRA reporting to the IRS does not mean that affected Canadian individuals are exempted from reporting those accts to the US IRS and Treasury if they meet the reporting thresholds for the FBAR, the FATCA form for individuals, and the 3520, and 3520A ( ex. TFSAs, RESPs and RDSPs treated by the US as deemed ‘foreign trusts’ ) – and being taxed on them as the US sees fit.