But if we follow your advice, which is to not implement the IGA and perhaps try to challenge it in NAFTA and other measures, or seek other ways and continue to put pressure on the U.S. not to follow through with implementation of FATCA, Canadian institutions would then have to provide information directly to the IRS, instead of through the IGA, which is providing information to the CRA. I recognize that those are probably the three scariest letters to people in both countries. However, as a Canadian, I would certainly prefer that dual citizens or U.S. citizens who are permanent residents in Canada provide that information to the CRA rather than to the IRS. Is that not a fair statement?
On May 13th, 2014. See this statement in context.