Economic Action Plan 2014 Act, No. 1   million Canadians who are going to have their private banking information passed on to the IRS in Washington without them even being notified? Why not stand up for Canada just this once?

Bill C-13 An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011 and other measures

for the purposes of provisions that permit rollovers of the assets of a deceased taxpayer’s registered retirement savings plan or registered retirement income fund to an infirm child or grandchild’s registered disability savings plan; (c) ensures that the alternative minimum tax does not apply

Canada-U.S. Relations   negotiations we obtained a number of concessions, including exempting certain accounts like RRSPs, RDSPs, TFSAs, et cetera, from the FATCA reporting. To be clear, the agreement will not impose any new or higher taxes and CRA will not assist the IRS in the collection of U.S. tax moneys.

Finance committee   have to have a system to ensure that taxpayer identification numbers were relatable by each country; in other words, you can tie the income to an actual human being. Combine that with protections for taxpayer rights, traditional protections offered under Canadian law, and I think

Canada-Panama Free Trade Act   came before the standing committee can attest, is because this is just another symbol of what has been a pretty dysfunctional trade strategy from the government. Over the last 20 years, the middle class has been gutted. We have seen reduced incomes for most Canadian families

Finance committee   being provided directly by Canadian taxpayers, financial institutions, to foreign authorities. There's this whole architecture around the collection and sharing internationally or bilaterally of tax information that comes into play when you use the procedure that this agreement

Canada-U.S. Relations  Mr. Speaker, again, I respect the hon. member's passion for this subject, but passion cannot be mistaken for facts. The facts are that any American citizen living outside the United States has a tax obligation to the IRS. They have always had that, because the United States

Finance committee  It wouldn't just be their investment income on the contributions they have made, but their income derived from the Canadian taxpayer-funded contributions to those accounts would also be considered taxable income by the IRS.

Finance committee  Thank you for this opportunity to comment on the parts of Bill C-31 related to tax havens. We support the implementation of several measures that aim to go after tax cheats using tax havens that were announced in the 2013 and 2014 federal budgets, which are contained in Bill C

Finance committee  And contributions made to RESPs, RDSPs, and TFSAs by the Canadian government would be considered taxable income by the IRS?

Finance committee   system, and it also does not apply to citizens. For any dual citizen who might be discovered and assessed U.S. tax liability, the treaty does not allow assistance and collection in relation to that person because they are a Canadian citizen. If they were only a U.S. citizen, then it's

Economic Action Plan 2014 Act, No. 1  Mr. Speaker, there are many complex aspects of this omnibus legislation. Certainly, even the title, FATCA, foreign accounts taxation and compliance agreement, is one of the most complex. It certainly would, as the hon. member stated, affect people who have no idea whatsoever

Taxation  Mr. Speaker, I have heard from many constituents in my riding and across Canada worried about troubling U.S. tax laws that would punish Canadians. For many of these constituents, their only transgression was failing to file IRS paperwork they were unaware they were required

Finance committee  I think in another blog, you referred to, or Moody's Tax Advisors talked about, a deduction against Canadian tax for the vast amount of professional fees paid to the IRS offshore voluntary disclosure program, and you argued that there ought to be this deductibility. Can you

Taxation  Mr. Speaker, the American government should be congratulated for going after offshore tax dodgers. However, our own government's feeble attempt pales by comparison. Unfortunately, thousands of law-abiding Canadians are now being unnecessarily harassed by the IRS using laws