UPDATE: May 22, 2014
Laura Frost (Canmroe) comments on this article “I was born in Saskatoon to a Canadian father and a mother who was a U.S. citizen. Previously, I was denied U.S. citizenship because my mother had not registered my birth before I was 18. Now that money is involved, I am a U.S. citizen for taxation purposes.
As I just heard this on CBC, The Sunday Edition: Welcome to the World on Online News — is this the death of serious journalism?, Molly found and commented on a Calgary Herald
Meanwhile, almost under the radar, except for a pocket of people trying desperately to raise the alarm, outrageous legislation has passed, enforceable in July, that directly affects the privacy of Canadians in the worst possible way. While indignant tweets were a flyin’ over whom precisely is allowed to read on my newsfeed that one of my friends needs help with diaper rash, we endured with barely a peep this egregious invasion of the privacy of actually important information.
Every country has a problem with this legislation; Stephen Harper, however, has handed over the ransom, possibly some argue, violating the Constitution. Canada is the last of the G7 countries to agree, but agree it did in a big way, by letting the Canada Revenue Agency be the middleman. (I suppose this was to avoid the banks getting a bad name, but also ostensibly to assure Canadians they are being violated by a not-for-profit organ.)
Lest you think this isn’t you, keep in mind that
FACTAFATCA covers Americans in Canada, even if they’ve been here their entire lives, Canadians who worked in the U.S., Canadians born of American parents, and people born of Canadian parents who slipped out while on vacation in the U.S. (because whether you like it or not, the U.S. gives you citizenship, and then taxes on citizenship, rather than residency). If you are an American working for a Canadian corporation, or vice versa, the taxes of the corporation may also be open to scrutiny.
While the legislation only affects those who potentially have more than $50,000 in assets, to prove this could cost tens of thousands in fees, fines, accountants and lawyers — even if you have never earned a penny. It’s that or risk never being able to cross the border again; last year, an estimated 3,100 Americans decided to do just that, renouncing their patriotism to Uncle Sam altogether.
Thank you Molly for finding this in the Calgary Herald. Thank you, Karin Klassen, for so aptly pointing out what we seem to want our journalists to feed us. Trivia, soap opera, lists, while some of us watch our rights evaporate, in this case appeasing a foreign country’s government! And, Michael Enright, for putting the same on the Sunday morning air waves.