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Budget Implementation Act, 2016, No. 2  Madam Speaker, I thank my colleague for his very important question. When FATCA was introduced by the United States, there was much negotiation between our two countries on this issue. I will say that we do not want to overburden any institution with regulatory burden and extra

October 31st, 2016House debate

Francesco SorbaraLiberal

Finance committee   I'm hesitant to advocate for more information sharing where the safeguards are not in place. I wanted to make that comment. Going to the credit unions, we had FATCA, I think it was called, introduced a while ago. The burden on the compliance for credit unions, especially some

March 28th, 2018Committee meeting

Francesco SorbaraLiberal

Questions on the Order Paper  Mr. Speaker, Canada is one of 113 jurisdictions that have signed a model 1 intergovernmental agreement, IGA, with the United States of America, U.S., with respect to the Foreign Account Tax Compliance Act, FATCA. Under the IGA, the CRA acts as a conduit to facilitate

January 27th, 2020House debate

Diane LebouthillierLiberal