Monthly Archives: June 2014

Globe & Mail – Group Plans Constitutional Challenge

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school there, I’ve rarely travelled there,”said Kate, who is supporting ADCS and spoke on condition her last name would not be published.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

‘Twas the Night Before FATCA!



Join us tonight 8 pm EDT That Channel

where we will celebrate

“The Night Before FATCA”

FATCA:The gift that just keeps on giving !


‘Twas The Night Before FATCA


‘Twas the night before FATCA,

when all through this land

Our law makers shrugged

that they raised their hands

To cede to the U.S.

our sovereignty

While dumping our charter rights

into the sea.


The victims of FATCA

all shuddered with dread,

While visions of bankruptcy

formed in their heads.

Yet Harper and M.P.’s

got set to parade

For Canada’s Day

but oh what a charade!


There are many who live here

who won’t jump for joy

As new I.R.S.agents

get set to deploy.

Banks will start searches

for American born

As soon as the sun rises

on July First morn.


Those who get tagged

will have their records dispersed

From here to the U.S.

but that’s not the worst.

There’s all kinds of harm

that some people can do

When such sensitive data

comes into their view.


Verses composed by our talented poet”EM”

NB Poem be read “Live” on the air. Further verses WELCOME!


Continue reading

FATCA Forces Canadian Banks To Send Info to IRS (CBC)

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.




Solving US Citizenship Problems – Dublin/Belfast IRL – August 12/20, 2014


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:

Citizenship Issues:

  • Are you a US citizen?

  • Are you still a US citizen?

  • Are your children US citizens?

  • What is an Accidental American?

Tax Issues:

  • Filing US tax returns

  • What is involved?

  • Filing information returns (FBAR, 8938, 3520A & 3520, 5471, 8621 etc)

  • Reasonable cause (avoiding penalties)

Financial Planning Issues:

  • Treatment of tax-deferred savings plans

  • Treatment of Mutual Funds (PFICs)

Privacy Issues:

  • What might FATCA mean for me?

Border Issues:

  • Will FATCA make it harder for me to cross the border?

Does it make sense to give up US citizenship?

  • Relinquishment

  • Renouncing

Presenter: John Richardson, B.A., L.L.B., J.D., is a Toronto lawyer and a member of the Ontario Bar.

  • When: DUBLIN Tues, Aug. 12/BELFAST Wed., Aug. 20

  • Where: TBA

  • 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.