— Susan Burgess (@susanmburgess) August 15, 2014
Friday August 15, 2014
The facts on FATCA
As of Canada Day, Canadian banks are required to start getting into compliance with a U.S. law called FATCA, the Foreign Account Tax Compliance Act. It requires them to hand over the account information of clients with ties to the U.S., such as people with Canada-U.S. dual citizenship. That information goes to the Canada Revenue Agency, for release to U.S. tax authorities.
It’s a lot to absorb for dual citizens, so we’ve done several interviews this summer on the legislation and the arguments for and against it. And in case you missed any of them, you can get caught up by listening to a FATCA primer by a tax law expert, an interview with an Ottawa dual citizen who’s affected, a defence of the U.S. model of citizenship-based taxation, and our latest: the legal case against Canada’s acceptance of FATCA.
Are you affected by FATCA? Get in touch with us and tell us your story. We’ll continue to follow the issue in the months to come.
The above paragraph links to Alan Neal’s radio interviews with Allison Christians, our own White Kat as well as Prof. Michael Kirsch and one of our lawyers, David Gruber.
The site is inviting comments on this story here. . No comments have been posted yet – time for Brocker SWAT! (See below — send to email firstname.lastname@example.org — not in Comments to the CBC article.)
Important NOTE (inserted here by Calgary411) re contacting CBC — not by comment at the story but by email:
I put my comments in comments at the CBC page and they are still in moderation (all day long). I finally figured out that really where they tell us to communicate our stories is to them by email to email@example.com, per:
Are you affected by FATCA? Get in touch with us* and tell us your story. We’ll continue to follow the issue in the months to come.
i.e., links to email address, firstname.lastname@example.org
THIS IS AN IMPORTANT OPPORTUNITY.