Check out Wayne Bewick on 18 April 2012 as he trolls for business and purveys misinformation via a Globe and Mail video.
Bewick says that FBAR reporting to the United States is all about the compliance —
if you have an aggregate of more than $10,000 in
accounts outside of Canada.
Outside of Canada? Really? Most Brockers already know better than that. They also know that far too many “professionals” need to be scrutinized with a steely eye and great distrust. The IRS is not the only shark in the waters.
Also notice how host Rob Carrick has let the same character “inform” his audience just a few days earlier.