— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) March 10, 2014
To go directly to our submission to Canada’s Department of Finance on Canada’s FATCA IGA click here.
As you are aware of February 5, 2014 the Government of Canada signed an FATCA IGA with the United States Treasury. The agreement obligated the Government of Canada to change certain laws in Canada to assist the Government of the United States in locating “U.S. persons”.
Canada’s Minister of National Revenue, Kerry-Lynne D. Findlay, confirms in an email to a constituent, that the agreement was for the purpose of assisting Canada’s banks. The text of her email includes: