Group Plans Constitutional Challenge to Budget Bill
OTTAWA – Globe & Mail
Monday, JUNE 30, 2014
by Josh Wingrove
A constitutional challenge is in the offing for a Conservative government budget bill that will allow some Canadians’ bank information to be shared with American authorities.
“The thing is an unbelievable joke,” said John C. Richardson, a Toronto lawyer who serves as ADCS co-chair. “… I am very confident in our legal position … , no ifs, ands or buts about it. In fact, if [C-31] is not a violation of the Charter, then the Charter doesn’t mean anything at all.”
FATCA applies to anyone with citizenship, even those who’ve lived in Canada for decades. Kate, a 52-year-old Canadian, was born in Texas to Canadian-born parents, and was brought back to Canada at age one. She says she’s now facing penalties for a life of not filing taxes – she didn’t know she had to – in the United States.
“I’ve never worked there, I’ve never been to school there, I’ve rarely travelled there,”said Kate, who is supporting ADCS and spoke on condition her last name would not be published. She said she feels betrayed by Canada.
“I would like other Canadians to realize that their rights and freedoms aren’t any safer than my rights and freedoms are. I haven’t done anything wrong. I was just born in the wrong country. And the Canadian government is having no problems just deciding that a foreign country can have my information. So if my rights and freedoms can be thrown under the bus, then all Canadians’ can be. That’s why I think people should be concerned about it.”
See Article Here
Tonight – Monday, June 30 – 8:00 PM
Live Streamed Online
“The Night Before FATCA”
BNN – Business Day AM 11:00 am ET
FATCA: What you need to know
Lawyer John Richardson discusses new tax legislation taking effect
July 1, that will impact a million US citizens currently living in Canada
James Fitz-Morris at CBC is reporting FATCA Forces Canadian Banks to Send Info to IRS.
When Canada’s banks reopen for business on July 2, they will begin formally operating as informants for the United States Internal Revenue Service — the IRS.
Financial institutions in Canada will be required to ask all new and existing clients opening a new account questions such as where they were born, and possibly where their parents were born.
This gives information on a possible Charter Challenge, but no information about how to donate.
Tuesday, August 12, 2014, 6:oo-8:00 pm
Venue will be updated by Fri, Aug 8
Wednesday, August 20,2014, 6:oo-8:00 pm
Belfast Castle, Antirim Road, Belfast, Antirim, Ireland BT15 5GR
It is estimated there are 7 million U.S. citizens living outside the United States. Some of these people don’t know that the U.S. may consider them to be citizens. The vast majority of these Americans abroad (according to U.S. law), are required to pay taxes and complete information reporting forms to the United States. Although “citizenship-based” taxation has existed for years, what is new is the enforcement.
The U.S. has enacted FATCA (“Foreign Account Tax Compliance Act”) and has signed IGA’s (Intergovernmental Agreements) in many European countries including Ireland, the UK, France, Germany, and Switzerland. Financial institutions across the globe will be required to identify accounts of “US Persons.” Starting July 1, 2014, financial institutions will begin to determine what accounts are “reportable accounts.” Information regarding those accounts will be passed on to the tax agencies of each country, who will in turn, pass this information on to the IRS. These seminars will include discussion and analysis of the IRS “relaxed opportunities” for people to come into compliance and will focus on:
Are you a US citizen?
Are you still a US citizen?
Are your children US citizens?
What is an Accidental American?
Filing US tax returns
What is involved?
Filing information returns (FBAR, 8938, 3520A & 3520, 5471, 8621 etc)
Reasonable cause (avoiding penalties)
Financial Planning Issues:
Does it make sense to give up US citizenship?
Presenter: John Richardson, B.A., L.L.B., J.D., is a Toronto lawyer and a member of the Ontario Bar. CitizenshipSolutions.ca
When: DUBLIN Tues, Aug. 12/BELFAST Wed., Aug. 20
Admission: €15(Dublin)/£15(Belfast) cash payable at the door (to cover costs).
Information presented is NOT intended or offered as legal or accounting advice specific to your situation.