Until the government acknowledges it’s seen the light, please continue to make them feel the heat

The above tweet references a post describing that Sophie IntVeld will be asking more questions about FATCA in the European Parliament. The questions include:

Sophie2577

This is welcome news. It is more publicity of the fact that countries (like Canada) which have signed Model 1 IGAs do NOT have to meet the September 30, 2015 deadline.

Back on the home front …

As previously posted, ADCS has written the Minister of National Revenue and requested that (in light of familiar considerations) that the Government of Canada NOT transfer your FATCA data to the IRS by the September 30, 2015 deadline. In addition (as you know) our lawyers have notified the Government lawyers that, we know, that they are not required to abide by the September 30 deadline.

The significance of September 23, 2015

September 23, 2015 has NO legal significance. It is simply the date that (according to the Government lawyers) the CRA had decided to transfer the data to the IRS.

Will they or won’t they?

Only their “legal counsel” knows for sure (maybe).

That said, the real issue is whether the Government of Canada intends to comply with the September 30 deadline. If they choose to comply with the September 30 deadline, then the information can be sent any time up to and including September 30, 2015. Furthermore, the Government of Canada has NO legal obligation to notify us (or anybody else) of their decision.

Therefore, ….

Without a clear statement from the Government of Canada that they have decided to NOT meet the September 30, 2015 deadline your social media campaign must continue UNTIL AT LEAST SEPTEMBER 30, 2015.

To put it another way:

seethelight2

If the Government of Canada gives NO indication that it has sent the light, then your job is to continue to make sure that if feels the heat! Use the #StopFATCA hashtag!

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3 comments on “Until the government acknowledges it’s seen the light, please continue to make them feel the heat
  1. LM says:

    Is there no way to know/ to find out that the CRA has sent this data, even after September 30?

    Like

  2. EmBee says:

    Is it possible to do a FOIA request to find out the number of FATCA reports the Canadian financial institutions have turned over to the CRA? BTW what are these FATCA reports called? Surely they have been assigned a form number or something.

    Like

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