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
Mettleman: Bravo! Good job. I’ll have a beer to your health.
I think professionals around the world have the ethical obligation to suggest that type of action (or should I say non-action). Sure, they could also mention the absurd idea that one could send everything to Uncle Sam, but that should be just a funny side note; making one’s lazy nephew the CEO of the firm is also an option, but not a serious one. Neither are mandatory, both are suicidal.
Thanks for the letters!
Elizabeth Thompson’s said in the Power and Politics segment that she’s hearing a lot from people implying that many of them are hearing about US tax obligations for the first time through the coverage. This is a repeat of 2011! I hope she’s not advising people to talk to an accountant! Hopefully many will conclude that compliance is too fraught with traps and moving goal posts.
My comment at the article:
“If the majority of the CBC’s audience consists of the the likes of most of the people commenting here, I’m all for the federal government defunding it.”
That’s some quality trolling right there!
Mettleman, I join Fred B and you in that beer.
Professionals can advise you what the US law is and at the same time mention the risks associated with compliance/ non compliance.
But we need to remember we give them instructions, not vice versa. Just as you did. Bravo!
( Calgary 411, it is so good to be back and thanks for the welcome. I hope to be able to stay for a wee while.)
Fred B & Mettleman: Cheers! 🙂
Thank you for the interview BB. I am watching and keeping up the fight over here. I think Canada appears to be on the brink of something very bad. People all over the place are getting extremely angry and upset about government lies and deceit. Many people cannot pay their bills any more and the rich people are only getting richer. The paid off scumbags who run this country look after themselves and that is clear.The courts and police cannot touch them even when they are caught stealing and comitting fraud. Trump is not only incredibly stupid and a bully, he wants Canada to pay and he will do it. We, as the majority of those involved in this fatca thievery, will continue to lie to stay as normal Canadians living and working here. We have no choice as our own government made us second class citizens. The Indian population knows clearly about fatca and is not surprised at the government’s actions. Unfortunately, we have only ourselves and family members who really get what fatca is doing to us and our country. We know we are only dollars and cents to our government and this has been clearly proven to us. I am still fighting and will never stop. Thanks again BB and I’m still here along with our friend Blaze.
One of my comments: Please uptick.
I have links for IBS and ADCS included. If we will not convince the majority at least we may grow our community fighting the injustices.
http://www.cbc.ca/news/politics/trump-trudeau-tax-reform-1.4644074#vf-6537900015988
Shorter comment:
http://www.cbc.ca/news/politics/trump-trudeau-tax-reform-1.4644074#vf-10809400015951
Comment from the first article
If I were to pick a title for the comment it might be: They picked Canada !
http://www.cbc.ca/news/politics/trump-trudeau-tax-reform-1.4644074#vf-9768700015938
@NativeCanadian
Thank you. Good to see you’re still kicking.
Speaking of kicking, thanks JC for the serious Kung-fu fighting you’re doing over at the CBC article. Nice you have some support over there. SMH with the garbage being spewed there.
Different subject but related to all this. I wonder how Ms Meghan Markle is going to be treated by the IRS. Are the Royals exempt?
Canadian Ginny: “But we need to remember we give them instructions, not vice versa. Just as you did.” Exactly.
And I’d even go further: should we choose to “comply” for various personal reasons, we give them (the professionals) the data, over which we must maintain control. I, for instance, give my tax preparer what I want him to know, nothing more. He will not know, for instance, if I sell or buy a house. It comes down to a nice clean tax return that satisfies everybody. I think the recipe for disaster is just dumping everything on their table. Also a reason perhaps to have 2 people take care of one’s taxes: one serious professional for where we reside, and another one for US tax-form filling, with no connection or knowledge of each other.
‘Different subject but related to all this. I wonder how Ms Meghan Markle is going to be treated by the IRS.’
Don’t we all. https://isaacbrocksociety.ca/2017/11/27/the-prince-harry-and-the-u-s-person-meghan-markle-engagement-i-bet-they-have-no-idea/
‘Are the Royals exempt?’
Do US statutes exempt them from US law, no. Will US bureaucrats exempt them from enforcement? Probably. Do US courts exempt rich people from US law? Yes (Dewees wasn’t rich enough but sufferers of affluenza are).
@fred
“He will not know for instance when I buy or sell a house”
What about when your Fatca reporting bank reports the large amount of money entering your account from the house sale?
In most EU countries now money from house sales must first be deposited in the owners account before escrow.
@Eric
I suspect the IRS will tread carefully to avoid an expose but I also expect the Royal family will want to safeguard themselves and Meghan will be encouraged to quietly renounce in 3yrs after she becomes a British citizen.
“What about when your Fatca reporting bank reports the large amount of money entering your account from the house sale?”
What about it?
If Fred doesn’t report the sale to the IRS and offer to give them a share of the profit, presumably he’ll be paying any tax that may be legally due to the country in which the house is located.
@Plaxy
Yes, but they will know that a large sum of money will have been deposited in his account from ‘somewhere’, through Fatca reporting.
Questions could be asked as to its source in an audit.
Income?
House sale?
Heidi: Presumably the first step would be a letter from the IRS, revealing that the IRS has made a request for information under the treaty, and the tax agency in the country where the account is held, has complied with the request. If that happened, if it was me, I would be onto my parliamentary representative pdq, asking him/her to enquire as to why the government is sending a law-abiding taxpayer’s private information to a foreign tax office. At last an EU government would be forced to explain in open court its position on the enforcement of American attempts to tax non-US-source income. And why it’s so quick to supply information, but not so happy about collecting.
I’m sure there would be no shortage of contributors to Fred’s fighting fund, if he wanted to take up that opportunity.
But in reality it won’t happen, since the IRS can’t take that risk. Is my opinion.
@Plaxy
That may be your opinion, but FATCA was put in place to elicit information on US citizens abroad financial affairs and our Govs have rolled over and agreed to comply. I believe as a ‘compliant’ US citizen taxpayer living abroad Fred would be the first one to receive the audit letter asking him to explain the sum reported, not the tax agency in his country of residence. It’s all very well to say “I chose what I want to report” if the IRS do not have access to your information, but if they do, you may be at risk.
Now if you are not in their system and have no intention of ever going back then that’s all well and good, but Fred is in a different situation.
Heidi – just one of those many never-likely-to-be-answered CBT questions.
PS. Plaxy.
As far as I am aware the responsibilities Tax depts. of Govs of IGA 1 countries involve only the sending on of FATCA reportable accounts to the IRS.
Unless gross tax fraud has occurred I do not think they have any agreement to get involved in minor tax reporting disputes, they certainly would not have the time, money or inclination to spend on this, their impetus is to collect for themselves.
@ Plaxy
Why does your emblem keep changing colour, are you the same person? 🙂
No idea. 🙂
i have been lurking around this site since the counter was at around 3,500,000 and now it is in excess of 32,000,000 views.
in the beginning i went through the whole range of emotions, was depressed and drinking way to much.
as time went on and i talked to a couple of “experts” and lots of time spent here reading and more reading i came to MY decision and only MY decision as this is what works for me.
i have my certificate of CANADIAN citzenship in my desk drawer easily accessable, i have opened up bank accounts at a credit union while it was still a “local client based” one that asked nothing about citzenship, i have lied to another bank about my citizenship in order to keep my rrsp’s active, i have lied to a canadian tax preparer who asked about my citizenship and will never cross the border to the south of me ever again , and if for some weird strange reason an envelope were to show up with those infamous three black letters the contents of said envelope would end up at the bottom of the bird cage.
i have a CANADIAN incorporated company that a certain time of the year has held in excess of $100,000.00 in it and as well i have been a signatory on a registered society that has over time has had in excess of $150,000 in its bank account.
like i said the above solution is mine and mine alone. each and every one of us has a different story and different levels of comfort in not telling the truth to various entities. to my mind it is none of there dang business where i was born or what other citizenships i may or may not have besides my CANADIAN one.
and until the cra changes its position that it will not collect on an irs debt as long as the debt was incurred while the person was a CANADIAN citizen resident in CANADA which is exactly what i am.
after all ‘A CANADIAN IS A CANADIAN IS A CANADIAN’ !!!!!!!!!!!!!!!!!!!!!!!
Heidi. As far as we know, thats not how it will work. FATCA and fbar reporting is being used to go after Americans and others living in the US who come to the IRSs attention by other means. -Swiss bank program, the Mueller probe, Panama papers, and so on. Then they go back and look for fbars.
Those such as Fred have nothing to fear even if they sell a house. Unless of course he were to volunteer the information.