Finance committee  , clarified in the law. We've talked a lot about misinformation. I know on tax treaties it's the potential on both sides to oversimplify and ramp-up rhetoric. We heard a number of times from the minister and from others in the government suggesting that no Canadian will be impacted

Points of Order   relief. Under the approach in the Canada-U.S. agreement, which was signed on February 5, 2014, Canadian financial institutions will report to the Canada Revenue Agency (CRA) information in respect of U.S. persons that will be transmitted by the CRA to the IRS under the Canada-U.S. tax

Economic Action Plan 2014 Act, No. 1   to ignore the challenges faced by veterans in Canada, continues to show contempt for veterans. The bill, through the FATCA provisions, makes the CRA effectively the tax collector for the IRS, and continues to demonstrate disrespect for Parliament and democracy by putting all

Economic Action Plan 2014 Act, No. 1   tax compliance act, which is something that has been protested by a million Canadians of American origin in this country, Canadians upon whom penalties are being imposed unilaterally by the IRS. The Conservatives said that they would stand up against this kind of unilateral action

Petitions  Mr. Speaker, I rise today with a petition from Canadians from across the country. It is important for the government to know that this particular issue affects a large number of people. The petition is with regard to the United States Foreign Account Tax Compliance Act

Finance committee   reported to the IRS by way of the CRA, and then the compliance issues that such information reporting generates for average Canadians. The issue I was talking about with the tax-free savings account sort of works as follows. In Canada, everyone knows that a tax-free savings account

Economic Action Plan 2014 Act, No. 1   really impact my community. The groups of people and businesses that grow jobs are the small and medium-sized enterprises across the country. They are the engines of our economy, but in this bill there is no small business job creation tax credit. It is not there, even though

Economic Action Plan 2014 Act, No. 1  Mr. Speaker, during question period and at other times FATCA has come up a number of times. I feel, though, that the member's question was somewhat misleading, because as Canadians listened to that question, they believed that all Canadian taxpayers would now be forced to reveal

Taxation  Mr. Speaker, thousands of law-abiding Canadians are being made to feel like criminals by the U.S. IRS. The Minister of Finance and the Prime Minister have received a letter from a constituent in my riding. His wife has been working and paying taxes in Canada since 1968 and has

Natural Resources committee   of the foundations funding the environmental movement both in the U.S. and in Canada, I've traced $300 million that has gone from American charitable foundations to environmental campaigns affecting our country. Most of my analysis is based on American tax returns because the IRS requires greater

Questions Passed as Orders for Returns  With regard to the Canada Revenue Agency’s (CRA) response to the provisions of the Internal Revenue Service (IRS) regarding the Foreign Account Tax Compliance Act (FATCA): (a) according to the government’s analysis, do the FATCA provisions comply with the provisions

Economic Action Plan 2014 Act, No. 1  Mr. Speaker, it is amazing that the same legal expert who the government relies on and lauds, Mr. Hogg, is the same expert who has warned it about this tax treaty that is buried within this 360-page omnibus bill. This one bill will affect more than 60 laws in Canada. Maybe later

Canada-U.S. Relations   include Canadian citizens who are not dual citizens. It could include the children of former U.S. citizens. It casts a wide net and it reports on the private information of Canadians without their knowledge through to the IRS, and it is not sufficiently reciprocal. The findings

Finance committee   required banks to report information directly to the IRS and potentially deny basic banking services to clients. Furthermore, the banks and their clients would have been subjected to a 30% withholding tax. So, without the agreement in place—

Finance committee   in the FATCA web. For instance, when the Americans did Buy American...we were able to negotiate some exemptions. The contributions made by the Canadian government to registered accounts, RDSPs and RESPs, are Canadian taxpayer-funded contributions to help Canadian families. The earnings