U.S. Citizens in Canada InfoShop

Archive for November 2011

2011 Nov 29 – Bell

Stewart Bell
Q&A: Eritreans can have Canada’s protection from country’s ‘diaspora tax’: Jason Kenney
National Post (29 Nov 2011)


Canadian Minister of Citizenship and Immigration Jason Kenney says Canada has “concern about excessive foreign interference in diaspora populations.” Kenney goes on to encourage “Canadians to realize they have no obligation to a foreign government … and they have no reason to be afraid of the activities of a foreign government in Canada.”

Written by usxcanada

29 November 2011 at 7:00 am

2011 Nov 29 – Morris

Chris Morris
Dual citizens urged to boycott U.S.
Telegraph-Journal (29 Nov 2011) A3


“American-born lawyer David Lutz of Hampton addressed a group of dual citizens in Fredericton on Monday night where he encouraged them to steer clear of the United States until the whole tax mess is settled.”

Written by usxcanada

29 November 2011 at 6:00 am

2011 Nov 28 – Dunn

Peter W. Dunn
FATCA, a ticking time bomb for the economy
American Thinker (28 Nov 2011)


Foreign financial institutions “must either comply with the invasive regulations of FATCA or simply abandon the U.S. markets.” Costs and privacy concerns make compliance extremely difficult. US citizens abroad are responding by renouncing citizenship, eliminating all US investment, and avoiding travel to the United States. Capital flight could amount to an estimated $14 trillion.

Written by usxcanada

28 November 2011 at 6:00 am

2011 Nov 26 – Scratched

Scratched by the FATCA: Congress creates a bureaucratic nightmare for fund managers
Economist (26 Nov 2011)


The difficulties of FATCA implementation are outlined in some detail.

Written by usxcanada

26 November 2011 at 6:00 am

2011 Nov 22 – Berry

Shawn Berry
N.B.’s dual U.S., Canadian citizens stiffening opposition to tax penalty
Telegraph-Journal (22 Nov 2011) A1


Marie Cashion and Robert Gerard plan a Nov 28 meeting at the University of New Brunswick “to inform and marshal the thousands of New Brunswick residents who could be affected” by U.S. provisions for expatriate taxation. Gerard awaits the results of a voluntary disclosure of noncompliance since 1975. Accounts of the September 16 Flaherty letter and the Oct 18 Jacobson speech are provided as context.

Written by usxcanada

22 November 2011 at 6:00 am

2011 Nov 17 – Davies

Don Davies
Getting results: Response from Minister Flaherty re United States taxation of Canadian citizens
Vancouver Kingsway Member of Parliament [Blog] (17 Nov 2011)


Davies reproduces the 28 August 2011 letter he sent to three relevant Ministers in his capacity as Official opposition Critic for Citizenship, Immigration and Multiculturalism. Appended as 3-page pdf file is the Oct 26 response from Minister of Finance Jim Flaherty. A two-page letter is followed by Fact Sheet — October 2011: U.S. Tax and “FBAR” Filing Requirements for U.S. Citizens in Canada, a document which includes this explanation as an endnote:

Penalties imposed under FBAR will not be collected by the Canada Revenue Agency (CRA):
The Canada-United States Income Tax Convention contains a provision which allows for the collection by a country of taxes imposed by the other country, including civil penalties. This provision does not apply to penalties imposed under laws, such as the U.S. Bank Secrecy Act, that impose only a reporting requirement (as opposed to those that impose taxation along with reporting requirements). Also, the CRA does not and will not collect the U.S. tax liability of a Canadian citizen if the individual was a Canadian citizen at the time the liability arose (whether or not the individual was also a U.S. citizen at that time).

Written by usxcanada

17 November 2011 at 7:00 am

2011 Nov 17 – Wood

Robert W. Wood
IRS FATCA Guidance, Round 3
Forbes (17 Nov 2011)


Tax lawyer Wood outlines “the third IRS missive providing preliminary guidance on FATCA” and provides links to much context.

Written by usxcanada

17 November 2011 at 6:00 am

2011 Nov 11 – Werman

Marco Werman
Why taxes are prompting some Americans in Canada to renounce their US citizenship
The World (11 Nov 2011)


Transcript of a Public Radio International interview with Mark Wittgen, a thirty-year resident of Canada who is in the process of renouncing his U.S. citizenship.

Written by usxcanada

11 November 2011 at 6:00 am

2011 Nov 9 – Feldman

Amy Feldman
Undisclosed foreign accounts? The IRS is coming
Reuters U.S. (9 Nov 2011)


The end of a second specific “voluntary disclosure” program on Sept 9 leaves noncompliant U.S. citizens with the option of traditional voluntary disclosure. “For U.S. citizens who have not paid taxes on substantial offshore assets, the hope of hiding from tax authorities seems increasingly unlikely.” Story includes sketch of background history and summary figures for participation and penalties exacted.

Written by usxcanada

9 November 2011 at 7:00 am

2011 Nov 9 – McKenna

Barrie McKenna
Americans in Canada driven to divorce from their country
Globe and Mail (9 Nov 2011)


Twenty-two Americans attended “what is believed to be the first citizenship renunciation meeting ever held in Canada” at the US consulate in Toronto on October 20. A US official said: “We simply decided it was more efficient to have everybody come as a group and talk to everyone at once, rather than doing it individually. It was simply a time-management decision.” One person attending the meeting reported that officials explicitly avoided discussion of the “800-pound gorilla in the room” — the issue of newly aggressive US pursuit of its nonresident citizens. Mark Wittgen 51 from Indiana of Whitby ON, who emigrated in the early 1980s and acquired Canadian citizenship in 2003, described the experience as a ‘divorce’. “In Canada … there are {{have been?}} typically fewer than 100 renunciations a year.”

Written by usxcanada

9 November 2011 at 6:00 am