Here is a reply I received from the office Liberal MP Ted Hsu (Kingston and the Islands) on the FATCA IGA and proposed legislation
Thank you for your email regarding FATCA.
The government’s recent announcement of how it plans to implement obligations under FATCA is disappointing, in particular because it does not demonstrate respect for the Charter of Rights and Freedoms, privacy law, and Canadian sovereignty. We anticipate legislation implementing the government’s FATCA agreement will find expression in the upcoming budget implementation act. We will review this legislation carefully, suggests amendments, and continue to work with both tax policy and constitutional experts. From obtained documents, it appears that the government has consulted with banks rather than Canadian citizens.
Mr. Hsu will continue to monitor this situation, and the members of the Liberal Party team who are working on the file will certainly continue to obtain and analyze all necessary information to develop a strong policy that will respect the Charter of Rights and Freedoms. In the meantime, I invite you to share your concerns with the Minister of Finance and the Minister of National Revenue, at email@example.com and Kerry-Lynne.Findlay@parl.gc.ca respectively.
Thank you for your email. If you have any further questions or comments, please do not hesitate to contact our office.