February 8–Information Session London Ontario

Solving the Problem of U.S. Citizenship Uncle Sam More(UPDATED)

Uncle Sam wants up to 1 million Canadians. Actually, he doesn’t want them. He just wants their money and information about their legal Canadian bank, credit union and other accounts.

U.S. Treasury and Internal Revenue Service (IRS) insist they have they right to know all about the banking and other financial accounts of these Canadians simply because they were born in the United States, worked in the U.S. under a Green Card or have some other bizarre connection to United States. This includes joint accounts held with Canadian-born spouses, family or business partners.

Most are Canadian citizens—some for their entire lives or decades.

Canadian banks are spending up to $100 million each to comply with Foreign Account Tax Compliance Act (FATCA) to provide information to IRS on “US persons” among their customers—even though this violates Canadian banking, privacy and human rights laws.

Finance Minister Jim Flaherty has called FATCA “extraterratorial” and “unwarranted.” Yet, the Canadian government is negotiating an Intergovernmental Agreement with the United States in secret while keeping Canadians in the dark about whether their rights under Canada’s Charter of Rights and Freedoms will be sacrificed for a foreign government’s demands. An agreement has now been signed!

Many Canadians have lived this nightmare for over two years. Others are just becoming aware due to recent media coverage.

An information session “Solving the Problem of US Citizenship” will be held in the Room Change: Martha Bishop Room at Landon Branch Library, 167 Wortley Road, Saturday February 8, starting at 1:00 p.m. featuring Toronto lawyer John Richardson. Space is limited. $20 to cover costs.

Before you panic or rush to a U.S. tax accountant or lawyer, come and learn about your rights and options. Check out information in advance at citizenshipsolutions.ca

If you’re in the London area, we hope to see you there!  If you’re planning to attend, please e-mail me at maplesandbox dot ca





24 thoughts on “February 8–Information Session London Ontario

  1. badger

    Arctic Grayling, it might be worth giving them another look:
    They are holding this free privacy and civil liberties even in Toronto – with a researcher presenting on FATCA on the second day http://ccla.org/home/pathways2privacy/
    a representative of the CCLA came to the first IsaacBrockSociety information session
    and they have a strong statement on their website:
    and wrote to the Department of Finance to register objections to a FATCA IGA

    and in the US, the ACLU are resisting and making legal challenges to many of the actions of the US government.

  2. George3rd

    The Revenue rule protect you from courts collecting taxes from a foreign source I assume the same would apply to a w8-ben that may be in error as it is an IRS form

  3. Schubert

    I posted something about Alterna Savings more than a year ago, maybe even two years ago, when I got a reply to an email saying that (at that time) they had a legal opinion that they didn’t need to comply, and wouldn’t. However that was then, this is now, I haven’t heard any more, and at this stage I’m not interested in following up with them. I have other fish I want to fry right now. Sorry.

    I suspect Alterna, which I am sure is well over $175 million, will have to comply. How diligently they’ll do that (or anyone else will for that matter) remains to be seen … Whether and how IRS or CRA have the resources, time, and inclination to audit all Canadians financial institutions, never mind (in IRS’ case) worldwide, is a whole ‘nother story. Which has good and bad points. Touched on above on the whole question of due process and giving account holders a) reasonable notice their accounts are about to be reported, b) on what basis their accounts are deemed reportable, and c) a reasonable chance to contest that reporting BEFORE IT HAPPENS with appropriate documentation, if they can. IMO that should be done by CRA not by hundreds of institutions using their own processes, guidelines, employees however well-informed or well-trained (or not). I will be sending a screed on these points to Flaherty, opposition parties, and CCLA later today. I urge everyone else to do likewise.

    There is all kind of h****s**t in the agreement and documentation about “due diligence” to meet what the IRS wants and thinks it needs. What about due diligence to respect the rights our citizens and residents have to due process under Section 8 of the Charter (quite apart from discrimination under Section 15). Canada would never extradite anyone to the US without a court hearing and an opportunity for the person and a lawyer to examine the basis for the warrant and to contest it. Having your finances gutted or facing possible jail time in the US for tax evasion if you don’t comply and then cross the US border, because of an incorrect or inappropriate reporting of your information, is just as bad and demands due process IN CANADA before being exposed to whatever “due process” the IRS has for contesting this crap in the US.

  4. Blaze Post author

    I don’t know. I think that was what someone posted at Brock a few days ago. It might have been posted by Schubert or Joe Smith, but I’m not certain of that.

    In fact, I think I’m beginning to lose my mind at the amount of information we are all absorbing.

  5. Blaze Post author

    John did not know the answer to the question about a 34 year old Green card.

    He did not disagree, however, with my non-legal practical suggestion that the IRS has no interest in you, now way of knowing about you and no way of finding you.

    You would not be extradited for this.

    John is not aware of any way we could pursue a Supreme Court injunction.

    Credit unions not exempt from FATCA if they meet the standard in terms of assets (over $175 million) and other criteria. Each person would need to check with their own credit unions.

    I know my credit union plans to comply, but they do not have any information on my place of birth–dand will not be getting it. Someone posted at Brock that Desjardins will comply but Aterna will not. I don’t know about other credit unions.

    I will try to do a synposis of the session within the next couple of days.

  6. ArcticGrayling

    Maybe I am wrong, but CCLA and ACLU types that I have known in my life have come across to me as people who would genuflect at the mention of Obama’s name.

    If I am right, I wonder how they would feel about being at odds with their ideological soul mate. After all, Obama signed that FATCA crap into law.

    Of course, I could be entirely wrong about them. I hope that I am, but I am not convinced………not yet anyway.


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