U.S. Citizens in Canada InfoShop

Archive for August 2011

2011 Aug 24 – Cayo

Don Cayo
Verbatim: What Canada says about collecting IRS non-filing penalties
Vancouver Sun [Blog] (24 Aug 2011)


[ Also at: http://blogs.vancouversun.com/2011/09/08/reposting-canadian-government-wont-hound-residents-for-the-irs/ ]

Cayo posts “the full text of the statement, unedited” emailed to him by a Department of Finance employee “who asked that it be attributed to the department itself, not to any individual.” CRA will not enforce for the US in Canada: (1) FBAR penalties (2) “the U.S. tax liability of a Canadian citizen if the individual was a Canadian citizen at the time the liability arose.”

Written by usxcanada

24 August 2011 at 6:00 am

2011 Aug 22 – Cayo

Don Cayo
Opinion: Canada Revenue Agency won’t pile on victims of IRS campaign against Canadian residents
Vancouver Sun (22 Aug 2011) C3


Cayo has been contacted by “dozens of frightened expat Americans.” He reports on a statement that he obtained from Canada’s federal finance department, to the effect that FBAR reporting requirement penalties will not be collected by Canada. Further, Canada will not enforce US tax collection against its own citizens “if the individual was a Canadian citizen at the time the liability arose.” Cayo concludes with a look at the options for relinquishing or renouncing US citizenship.

Written by usxcanada

22 August 2011 at 6:00 am

2011 Aug 20 – Cayo

Don Cayo
Ordinary citizens or big banks — the IRS threatens them all
Vancouver Sun (20 Aug 2011) H2


“An IRS campaign against tax fraud … may also mean huge penalties for thousands — maybe hundreds of thousands — who owe no tax but have failed to file some required forms.” In addition, the proposals of FATCA would have serious impact on Canadian bankers.

Written by usxcanada

20 August 2011 at 8:00 am

2011 Aug 20 – Cayo

Don Cayo
Standing up to the IRS: bankers join citizens in the fray
Vancouver Sun [Blog] 20 Aug 2011


“Ordinary citizens find themselves on the same side as international bankers in a tussle with Big Brother.” The IRS made minimal response to queries from this reporter.

Written by usxcanada

20 August 2011 at 7:00 am

2011 Aug 20 – Hall

Dave Hall
U.S. tax rules could penalize Americans here
Windsor Star (20 Aug 2011)


Gordon Lee, a Windsor accountant specializing in Canada-U.S. tax issues, describes the IRS “witch hunt to find average citizens who have really done nothing wrong.”

Written by usxcanada

20 August 2011 at 6:00 am

2011 Aug 19 – Cayo

Don Cayo
U.S. citizens living in Canada face risk of massive tax penalties
Vancouver Sun (19 Aug 2011) A1, A9


A front-page story headlines the plight of most US citizens resident in Canada. Accountant Warren Dueck describes the circumstances imposed by OVDI and FATCA. “The American consulate in Vancouver estimates 90,000 [affected individuals] in this region alone.”

Written by usxcanada

19 August 2011 at 9:00 am

2011 Aug 19 – Cayo

Don Cayo
What are risks, options for U.S. citizens facing big tax penalties?
Vancouver Sun [Blog] (19 Aug 2011)


Tax accountant Warren Dueck sketches two hypothetical case studies of persons who could be affected by OVDI.

Written by usxcanada

19 August 2011 at 8:00 am