Update from BB / Bubblebustin
Those in Canada who are potentially affected by the Transition/Repatriation Tax (or not but care about Canada’s sovereignty) need to contact their government representatives and Ministers. As suggested by our MP’s office, start with:
Your Member of Parliament, and
Minister of Foreign Affairs,
chrystia.freeland@parl.gc.ca,
chrystia.freeland@international.gc.ca
House of Commons
Ottawa, Ontario
K1A 0A6
Telephone: 613-992-5234
Fax: 613-996-9607
Minister of International Trade of Canada
Francois-Philippe.Champagne@parl.gc.ca
House of Commons
Ottawa, Ontario
K1A 0A6
Telephone: 613-995-4895
Fax: 613-996-6883
Minister of National Revenue
Diane.Lebouthillier@parl.gc.ca
House of Commons
Ottawa, Ontario
K1A 0A6
Minister of Finance
bill.morneau@canada.ca
The Honourable William Francis Morneau
Department of Finance Canada
90 Elgin Street
Ottawa, Ontario K1A 0G5
House of Commons
Parliament Buildings
Ottawa, Ontario K1A 0A6
Send a message to the Minister
Daniel Lauzon was quoted in the CBCNational News segment.
Daniel Lauzon works as Dir. Communications for Finance Canada.
Daniel can be reached at 613-369-5696
Should you PM me or post here with the efforts you’ve made, I would like to take them to the reporters with the CBC covering this story in developing the government action (or inaction) side of the story. The press needs to know how Canadians are getting treated by our government and maybe the additional coverage will cause the government to take action.
UPDATE: Here is a direct link to the segment.
Trump’s tax reform affects Canadian residents The National
This aired on Monday, April 30. CBC News – The National Interview with Evan Dyer
Mr Bubblebustin and me (aka BB) I believe Mr Dyer gets it. We need a response from the Canadian government, not more stonewalling.
I’ll be watching! Thank you so much, BB & spouse!
Who is bubblebustin and what exactly is going on here?
We don’t have TV so I’m going to try to catch it on the internet. A heads up to the exact time and date would help (might be able to catch it on the CBC live stream). Otherwise I’ll check the URL below for the next couple days. Many thanks Mrs. BB and Mr. BB for doing this. I normally can’t stomach CBC propaganda but I’ll wade through the swamp to see your interview.
https://watch.cbc.ca/series/the-national/all/7edf3b97-b615-483a-842c-6c168d68c0ba
@Sam
I am Bubblebustin (now BB).
Tune in to CBC National News Monday for the reveal of my true identity, that is for those who don’t already know.
Have you been following US tax reform’s so-called Repatriation Tax and how it potentially affects Canadian corporations owned by Canadians living in Canada? There is plenty of information about it here on Brock. I am fortunate that through the efforts of another individual my husband and I were selected for the interview (I’ll leave it to that individual to reveal who they are).
I hope we do not disappoint.
In some time zones the news is pre empted by hockey. 6pm PDT on CBC News network.
@portland
Let’s hope no one goes into overtime.
Solomon Yue suggests that TTFI will not provide exemption from the Transition Tax. Says a separate bill is needed for that.
He aims to keep TTFI simple to increase odds of passage.
@Robadorenyo :
If I am an individual non resident owner of a foreign company will I be freed from transition tax liability? This is key for expats everywhere
https://twitter.com/Robadorenyo/status/990324005407256576
@SolomonYue :
No It would require another bill to recognize there is a difference between multinations and overseas individual owners of foreign companies. Two connections are missing: #TTFC w/o #TTFI or S Corp status 4 expats owned foreign corporations.
https://twitter.com/SolomonYue/status/990338612091764736
@SolomonYue :
No #TTFI passage only connects TTFI w/ #TTFC: officially US is not a #CBT country & both multinations & individual expats pay no taxes on foreign source $. We need a transition tax fix bill 2 separate multinations & small businesses abroad by defining less than $5 mil 4 exemption
https://twitter.com/SolomonYue/status/990230681396563968
“Two connections are missing: #TTFC w/o #TTFI or S Corp status 4 expats owned foreign corporations.”
Could S Corporation status for expat-owned foreign corporations be achieved through regulations?
@SolomonYue :
Transition tax fix requires a separate bill. I met Chip Harter, Dep Asst Sec 4 Int’l Affairs of Treasury: no 2nd extension, bill could cover 1st installment retroactively 2 refund 1st payment + interest earned, definite small businesses as less than $5 Mil 4 exemption per #TTFI.
https://twitter.com/SolomonYue/status/990224053003669505
So this is presumably what Monte Silver was referring to (https://drive.google.com/file/d/1Iihi0YCPoXq5sdAWd72axWdYy2DTTgzW/view): short-term relief (the extension) and long-term relief (requiring passage of a bill, therefore uncertain).
What a dilemma! 🙁
Bravo @BB. Thank you so much for all your efforts and participation over these past years here. I continue to be so impressed by the dauntlessness, determination and sacrifices made by people such at those at IBS, ADCS and individuals like yourself working for recognition of the issues, for redress and recourse.
Long time readers know that due to the ongoing punitive and unjust treatment by the US government of those ‘abroad’ with a US birthplace or parentage, I myself have formally expatriated, and so am not still a tax-citizen-serf claimed by the US. Despite that, because of the size of the injustices the US continues to heap on those it claims as citizen-serfs with fictive taxpayer status solely on the basis of a US birthplace or parentage, and the toll it has taken on those living ordinary lives outside the US, I continue to read and respond here.
Amazing!
I just checked the CBC National link (comment above) and got this notice:
A problem has occurred and service is unavailable. Please try again later.
I hope this gets sorted out by Monday. I really want to see our BB on CBC. I really want to see the latest of US tax abuses to get an airing.
Thank you all for the encouragement. I so far have not heard any word to the contrary that the segment will air this evening.
You can sign up for CBC National News broadcast notifications on Facebook here, where I presume it is not affected by hockey. I receive the broadcast at 6pm daily here on the west coast:
https://www.facebook.com/cbcnews/
Or on twitter,
@CBCTheNational
@ BB and others
Here’s the CBC weekly TV schedule. Hopefully hockey won’t go into overtime. (City can be changed.)
http://www.cbc.ca/programguide/weekly/2018/04/29/?t=1525118028791
For anyone east of Alberta you probably won’t be able to watch it live but it should be posted on the internet the next day.
https://watch.cbc.ca/series/the-national/all/7edf3b97-b615-483a-842c-6c168d68c0ba
Here’s Elizabeth Thompson’s on line article just sent to us by her. Haven’t read, but it’s got 125 comments already:
http://www.cbc.ca/news/politics/transition-tax-trump-corporations-1.4639020
99% of the comments are ill informed. There are only 2 answers. Ignore the tax and renounce.
p.s. Condors out in force. ‘Only option is to comply’
BB: Great article! I refuse to read the comments. John’s quote right at the end hits the nail directly on the head. The Canadian government chose to ignore our voices in the run-up to its decision to support FATCA (and US CBT) back in 2014. We tried to warn them. Now they’ve got a situation a thousand times worse on their hands and, thanks to their thoughtless inaction, so does every one of us who’s done nothing wrong but wisely prepare for his elder years. This is what happens when injustice is not nipped in the bud and it is why I so strongly believe that no matter how hard it is to bring about, CBT MUST end. Legislators are elected to do the hard tasks, on both sides of the border. Let them knuckle down and get to it before none of us have anything left.
Can’t wait to see the televised version!
Where is the Brock Swat Team on that CBC article ?
Connect via Facebook, Google+, or direct.
We need to overwhelm the ney sayers. There are a lot of them.
If you are not commenting directly, uptick the ones you like, down tick the ones you don’t.
Hello there Brockers, et al. I sure picked a bad day to pop in.
I agree with JC. Time to rally the Swat team.
Hang in there, Bubbles. You don’t deserve the caustic comments. They seem far worse than the ones Gwenn and I had to endure in the early days. Very discouraging.
Thanks for your long standing support and work on behalf of the cause, Bubblebustin.
Miss all of you. Let’s continue to fight the bastards. ( I can say that now that I am no longer a constrained plaintiff, lol.)
For those pre-empted by hockey on regular CBC, there’s always Newsworld.
CBC comments are a cesspit. Not sure it’s worth the effort. I had a quick look and I’d say 2 percent actually read or understood the article, the rest either missed the point entirely or are busy ranting about other random topics.
The comments section over at the CBC article is a real idiot-fest
Rosie Barton set the completely wrong tone for the segment when she said the Trump Tax is affecting “Americans”. It’s affecting *Canadians*, people whose home is Canada (who just happen to also hold US citizenship). They didn’t just drop into this country and earn a “pile” of money that they’re hiding from the IRS. Viewers who just watched this piece will never know that this is about their friends, neighbours and fellow Canadians.
As for Bill Morneau, he has no *time* to study. The money starts leaving Canada within the next 3 months. And the burden on good people like BB and her husband is unspeakable. I am so grateful to them both for putting themselves forward for this. I wish the creators and editors of the piece had gotten it right. The online piece was much, much better.