Duke of Devon says,
Mr. Morneau’s letter deserves its’ own post so it won’t get lost. He seems to get it. It will be interesting to keep on his case about the lack of reciprocity. He is the first Lib. to confirm they won’t help collect anything the IRS claims against a Canadian and I think his distinction that CRA-IRS transfer of information cannot legally be used by the IRS to impose FBAR fines is a new commitment. Not so sure the IRS would respect the distinction.
Here is the first reply that any of have gotten from the Finance Minister. Thanks for sharing it, Cheryl.