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 to file. As such, our government called on the U.S. government to look upon these individuals with leniency. We were also clear that penalties imposed by the IRS under FBAR will not be collected by the Canada Revenue Agency on their behalf.
Can the parliamentary secretary please update the House on this situation?