Mr. Speaker, I welcome the question from my colleague who is absolutely correct. He sits with the opposition members on the finance committee. I thought we had a very conclusive and thorough debate on the implications of FATCA to American citizens living in Canada and their tax obligation, which they have always had. However, now it will be legislated through the United States.
We believe FATCA is charter-proof and the Privacy Act will not be impinged upon by FATCA. Also the reality is that any American citizen or dual citizen has always had an obligation to file income tax in the United States.