TORONTO CAN, Saturday, June 25, 2016
Are you or have you ever been, a U.S. Person? FATCA is looking 4 u. Toronto, Sat June 25, 1-3 pm 100 St. Joseph St. https://t.co/BcPYBqOCXj
— U.S. Expat Canada (@USExpatCanada) June 21, 2016
Have you received a FATCA letter or been warned of the consequences of being a U.S. person?
New this year in the U.S. assault on people and countries outside its borders, is the “second wave” of reporting – the “entity” reporting. This is nothing less than every financial entity – any corporation, non-profit corporation, your Canadian controlled-private corporation (CCPC), any fund with shareholders-is fair game for an associated financial lender, bank etc to ask:
“Who are your clients, shareholders? Are they, or have they ever been, U.S. citizens?”
If so, they need to fill out a US tax form. (W8-no withholding for non-US taxpayers or W9-for withholding on US taxpayers) to be kept on file with the bank.
My financial advisor indicated he now realized I had not exaggerated the extent of this U.S. interference in Canada. He now has to ask each and every new client, regardless of what they are buying,
“Are you, or have you ever been, a U.S. citizen?”
Utterly outrageous.
PLEASE register in advance by email to nobledreamer16 at gmail dot com
When: Saturday,June 25, 2016 1-3 pm
Where: 100 St. Joseph St., Toronto ON M5S 2C4 MAP
Admission: $20 payable in cash at the door
Who: John Richardson, B.A., LL.B., J.D. (Of the bars of Ontario, New York and Massachusetts), Toronto citizenship lawyer and Co-chair of the Alliance for the Defence of Canadian Sovereignty and the Alliance for the Defeat of Citizenship Taxation. citizenshipsolutions.ca
Information presented is NOT intended or offered as legal or accounting advice specific to your situation.
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