As noted in another post on this site and on the IBS site, yesterday November 8 Finance Canada posted an invitation to concerned individuals and groups to comment on the negotiations between the US and Canada over FATCA and related matters. This “consultation” call noted that Finance has received many comments already on FATCA. They (Flaherty) have in fact received numerous comments from me, the most recent being an email I sent on June 17. Yesterday I received by email (five months later!) a reply signed by Flaherty. I am appending that letter in full to this post.
Note that the letter is dated November 8, the same day that Finance invited comments on the consultations with the US over FATCA. Note also that the letter re-iterates all the points Flaherty has been making all along, including repeated assurances (see also the fourth page, the September 2012 attachment) that CRA will NOT collect IRS liability or penalty claims against Canadian citizens.
A coincidence that my letter was sent the same day as the consultation invitation? I don’t think so. I think the letter, which I’ve seen on the IBS site was received by at least two other persons on the same day I got mine (the identical letter is posted on IBS by someone else), was sent out to re-assure those of us who have been commenting repeatedly (note the opening paragraph in my letter, this was my third or fourth letter to Flaherty on FATCA) that we aren’t going to be thrown under the bus.
At least that’s my interpretation. It would be rather difficult politically, I’d think, for our government to throw us under any buses, given the timing and wording of the letter and the announcement, even if they wanted to do that. I don’t think they do. I think they have a very hot political potato on their hands and they know it.
I’m going to try to attach the full four pages of the letter, at 1280 pixels wide. I hope this works …