Comments on the legislative proposal can be submitted to the Department of Finance at IGA-AIG@fin.gc.ca
or to the address below. The closing date for comments is March 10, 2014.
Tax Policy Branch: Department of Finance
140 O’Connor Street Ottawa, ON K1A 0G5
My submission is below. Some will say it is too wordy. Some will say it does not cover everything. I know that and I could make it even more wordy, but I am addressing only one of the unjust aspects of allowing to stand as is the FATCA IGA signed by my Government of Canada.
I am more than weary from the one-way conversations I’ve had with most of my previous correspondence. I hope that this announcement means the Government of Canada really is going to listen to my, your, our concerns, the very US Persons in Canada who become the collateral damage of US FATCA combined with US citizenship-based taxation.
Sent: Saturday, February 22, 2014 12:07 AM
To: IGA-AIG@fin.gc.ca ; Minister James Flaherty ; Kevin.Shoom@fin.gc.ca ; Michelle.Rempel@parl.gc.ca ; Kerry-Lynne.Findlay@parl.gc.ca
Cc: Murray.Rankin@parl.gc.ca ; Mike.Sullivan.P9@parl.gc.ca ; email@example.com ; Elizabeth.May@parl.gc.ca ; Ted.Hsu@parl.gc.ca ; firstname.lastname@example.org ; Abby Deshman, CCLA ; J. Paul Dube ; email@example.com ; Justin Trudeau
Subject: Submission Department of Finance, Canada US IGA – Carol Tapanila
Attached for your consideration is my submission regarding the IGA for FATCA as negotiated with the US.
Calgary, AB, CANADA
Att. Carol Tapanila Submission Department of Finance, Canada US IGA
Canada and U.S. Reach Agreement on Foreign Account Tax Compliance Act (News Release 2014-018)
Additionally, from the office Liberal MP Ted Hsu (Kingston and the Islands) on the FATCA IGA and proposed legislation.
Thank you for your email regarding FATCA.
The government’s recent announcement of how it plans to implement obligations under FATCA is disappointing, in particular because it does not demonstrate respect for the Charter of Rights and Freedoms, privacy law, and Canadian sovereignty. We anticipate legislation implementing the government’s FATCA agreement will find expression in the upcoming budget implementation act. We will review this legislation carefully, suggests amendments, and continue to work with both tax policy and constitutional experts. From obtained documents, it appears that the government has consulted with banks rather than Canadian citizens.
Mr. Hsu will continue to monitor this situation, and the members of the Liberal Party team who are working on the file will certainly continue to obtain and analyze all necessary information to develop a strong policy that will respect the Charter of Rights and Freedoms. In the meantime, I invite you to share your concerns with the Minister of Finance and the Minister of National Revenue, at firstname.lastname@example.org and Kerry-Lynne.Findlay@parl.gc.ca respectively.
Thank you for your email. If you have any further questions or comments, please do not hesitate to contact our office.