Mr. Speaker, the new U.S. rules also require all Canadian financial institutions to disclose the personal financial information of Canadian and U.S. citizens directly to the IRS. This will be a costly process that will compromise privacy obviously. The bank account of a pensioner in Canada should not be treated the same way as a bank account of a tax evader in the Cayman Islands.
Will the minister engage with the U.S. government to ensure the privacy of everyday Canadians is protected?