On July 1st, 2014 our Canada Day Canada will hand over its banking information to the IRS
It’s simple. We believe that the FATCA IGA (intergovernmental agreement), which the Harper Government signed with the U.S., and other laws contemplated by the IGA, violates the Canadian Constitution in general, the Canadian Charter of Rights in particular, numerous other laws of Canada, the principles of Canadian democracy and the fundamental rights of all Canadians.
Our goal is to take appropriate legal action to prevent the Government of Canada from changing Canada’s laws to make Canada subservient to the U.S. FATCA law and impose the U.S. FATCA law on Canada and Canadians. The legitimacy of this goal is supported by the legal opinion we have received from noted lawyer Joseph Arvay, Q.C.
The FATCA enabling legislation is buried in Part 5 of
Bill C-31, an Omnibus Bill which is intended to implement provisions of the recent Canadian budget.
We anticipate that the Government of Canada will use its majority to pass this IGA enabling legislation and that U.S. FATCA law will become Canadian law sometime this summer. We wish to litigate as soon as possible after the IGA enabling legislation is passed by Parliament and the Senate.
1. The Extraterritorial application of U.S. laws in Canada in general and FATCA in particular; and
2. The Government of Canada which has agreed, pursuant to an agreement signed with the United States
on February 5, 2014 (‘FATCA IGA’) to change Canada’s laws to:
• ensure that NO law of Canada will be allowed to be inconsistent with the U.S. FATCA law
• ‘Foreign Account Tax Compliance Act’ in general;
• enact specific Canadian laws for the express purpose of discriminating against Canadian citizens of
• U.S. ‘national origin’;
• assist the United States in searching for and locating any category of person, including lawful residents
and citizens of Canada, that the U.S. will, in its sole discretion, from time to time specify; and
• once located turn those lawful residents and citizens of Canada over to the U.S Internal Revenue Service (IRS).
Please go to this link to find out more.
http://www.adcs-adsc.ca/About_ADCS.html