We have one more indication of FATCA causing problems for U.S. citizens in Canada. The first involved a bank account with the Royal Bank. In this case the RRSP account of a Canadian resident was frozen because she was suspected to be a U.S. person. We now have more indications of trouble …
What follows is a comment that appeared on July 9. It is significant because it demonstrates how serious the hunt for “U.S. persons” will become. Look around they are everywhere. Who knows, maybe one of them can be your retirement plan.
