Information & Ethics committee   that are in place from an information technology perspective. That was conducted specific to the information we are exchanging under FATCA. In addition, there's something called the global forum on information exchange. It's a global network of over 100 countries that focuses on exchange

Information & Ethics committee  After we had obtained all the information about FATCA, we clearly would still have entered into agreements with the United States. FATCA is an American act. The position that was taken at the time really allowed the Canadian banking system, and Canadians with dual citizenship

Information & Ethics committee  That is true, but I must repeat that the difficulty was much more related to the process. If the process had involved all parliamentarians, we would probably not be here today discussing FATCA.

Information & Ethics committee  The financial institutions are aware of this kind of information exchange. I must emphasize that, if the agency had not signed an agreement with FATCA, the information exchange would be done by the banks. The fact that the agency is involved and that agreements have been reached

Information & Ethics committee  My last question deals with the Foreign Account Tax Compliance Act, or FATCA. Madam Minister, you told us about the reciprocity between the Americans and the Canadians. How many documents do you estimate we could receive from the Americans in this regard? What kind

Information & Ethics committee   tax information exchange agreements in force. In 2010, the U.S. Congress passed the Foreign Account Tax Compliance Act, or FATCA. FATCA requires non-U.S. financial institutions to enter into agreement with the Internal Revenue Service, the U.S. tax department better known

Canada Revenue Agency  Mr. Speaker, here is another Liberal broken promise. The Conservatives signed a deal to implement FATCA and hand over private financial information of a million Canadians to the United States. During the campaign, the Liberals said that the deal violated privacy rights and might

Finance committee  That's correct. It also saves us from knocking on the doors of taxpayers who are otherwise compliant that we shouldn't be knocking on. Just a clarification though, FATCA isn't going to be in...it's not necessarily analogous in the sense that....

Finance committee  Thank you very much, Mr. Chair. Thank you to our witnesses for being here. I want to follow up with a few questions with respect to the intergovernmental agreement and FATCA. I think, Mr. Huppé, you talked about $2.4 million to implement the intergovernmental agreement

Finance committee   institutions to be able to respond to and respect the obligations that the FATCA is imposing on financial institutions globally and to do it in a way that would provide them with, if you will, the protections of the existing tax treaties for information exchange that we have with the United

Finance committee  Fine. I think I have time for one more question. Under votes 1b and 5b, the Canada Revenue Agency is seeking funding for the implementation of the intergovernmental agreement between Canada and the U.S. in relation to the Foreign Account Tax Compliance Act, or FATCA. When

Finance committee  Thank you, Mr. Chair, ladies and gentlemen. Thank you again for the privilege to appear before you. The last time I spoke before this committee was during the FATCA hearings, which were quite contentious. Of course, the budget is very important to all Canadians, but I

Bill C-31 An Act to implement certain provisions of the budget tabled in Parliament on February 11, 2014 and other measures

Second Session, Forty-first Parliament, 62-63 Elizabeth II, 2013-2014 STATUTES OF CANADA 2014CHAPTER 20 An Act to implement certain provisions of the budget tabled in Parliament on February 11, 2014 and other measures ASSENTED TO 19th JUNE, 2014 BILL C-31 RECOMMENDATION His Excel

Agricultural Growth Act  , with environmental laws, natural resources laws, and taxation laws like the FATCA provisions that were in Bill C-31 all thrown together into one particular bill. In the case of Bill C-18, we have an omnibus bill that puts in place amendments all related to agriculture, in some cases making

Request for Emergency Debate  Mr. Speaker, last night I gave you notice under Standing Order 52 (2) that I would be seeking leave today to propose an emergency debate on the implementation in Canada of FATCA, the U.S. foreign account tax compliance act. As you know, the Canada-U.S. enhanced tax information