Ted Hsu suggested we should submit a petition to the government on FATCA. If we submit at least 25 signatures to him, he will present the petition in the House of Commons.
Some of us drafted a petition, which was then reviewed by Dr. Hsu’s staff to ensure it met guidelines. Here is FATCA Petition To Canadian Government in Word.Please print a copy of the actual petition and get signatures.
If you don’t have Word, here is FATCA Petition To Canadian Government in pdf.
Please note, only Canadian residents can sign (You do not have to be a Canadian citizen). However, people living outside Canada (including Canadian citizens cannot sign.)
Signatures are only accepted if they are on a sheet with the full text of the petition. Therefore, only four signatures per page.
Signatures must be original (not scanned or photocopied) We are still working out the details of whether we will all submit directly to Dr. Hsu or if we will courier them to Atticus to present to him. We will let you know when those details are worked out.
Here it the content of the petition–but you should print out a copy and use that to sign and gather signatures.
Petition to Canadian Government re: Foreign Account Tax Compliance Act (FATCA) in Canada
Whereas the United States is demanding that Canadian financial institutions provide to the United States Treasury and United States Internal Revenue Service comprehensive and confidential financial information on “US persons” who are Canadian citizens and residents;
Whereas Canadian Bankers Association has advised that they may comply with FATCA, including possible closure of bank accounts of Canadian citizens and residents who refuse to consent to information being provided to US Treasury and IRS;
Whereas FATCA is a foreign law that violates Canada’s sovereignty;
Whereas the term “U.S. person” has no legal meaning in Canada;
Whereas FATCA violates Canada’s Bank Act, Personal Information Protection and Electronics Documents Act (PIPEDA) and Canadian Human Rights Code;
Whereas compliance with FATCA would violate Canada’s Charter of Rights and Freedoms;
Therefore, we request the Canadian government to:
1. Immediately assure Canadian citizens and residents that all Canadian citizens and residents have the same rights to privacy in managing their financial affairs.
2. Advise Canadian financial institutions that they must comply with Canadian laws.
3. Assure Canadian citizens and residents that those Canadian laws and the Charter of Rights and Freedoms will not be changed for FATCA.
4. Cease negotiating with the United States on any agreement to implement FATCA that will contradict Canada’s Charter, its current banking, privacy and human rights laws and the current Canada-US Tax Treaty.