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Trudeau Government Selling Out Canadians To IRS

MoneySpencerFernandoJanuary 29, 2017
Trudeau Government Selling Out Canadians To IRS

Another broken promise by Trudeau

During the election campaign, Justin Trudeau promised not to send the banking information of Canadians to the Internal Revenue Service.

As with many other promises, Trudeau broke that pledge.

Now, it turns out that the Canadian government has been selling out Canadians to the American tax authorities at a record pace.

According to reports, on September 28, 2016, the Canada Revenue Agency sent 315,160 Canadian banking records to the American IRS.

The files were transferred under the auspices of the U.S. Foreign Account Tax Compliance Act (FATCA).

In 2015, the CRA had sent 154,667 records, meaning the record transfer has more than doubled in just one year.

This how the elites work – banks, politicians, and governments work together against the people

As a sovereign nation, Canada should not be selling out our own taxpayers to the American tax authorities. So why would Trudeau have broken his promise?

It’s simple: Trudeau and his government serve the elite, not the Canadian people. International bankers and foreign governments work together, enacting an agenda that steals money out of the pockets of Canadian workers, enriching those in power at our expense.

Selling out Canadian taxpayers to the IRS, and increasing the record transfer by such a massive amount, is just the latest of many instances that shows how Justin Trudeau, and his government, don’t have the best interests of Canadians in mind.

Privacy, Constitutional Concerns

This isn’t just the failure of one government however. The previous Canadian government signed the legislation in the first place, saying they had no choice because of “US penalties.” That’s not an acceptable excuse, but it fits with Canada’s long history of failing to use our negotiating leverage effectively.

In addition to the loss of sovereignty, the transfer of Canadian banking info to the IRS has raised concerns about privacy, and even whether it’s constitutional.

For example, Canadians who have their banking records transferred to the US are not always informed of that transfer, leaving them in the dark. The privacy commissioner has recommended that Canadians be notified when a transfer happens, but the CRA has not followed that recommendation.

Interestingly, the Republican Party platform called for the repeal of FATCA, meaning Canada may have the chance to get out of the deal. We should take that chance at the first opportunity, and we should bring it up proactively if the Americans don’t.

Canada is a free and independent country. We should not be sending the private banking information of Canadians to any foreign country, not even an ally like the United States.

It’s time for our leaders to toughen up and stand up for the Canadian people.

Spencer Fernando

Photo – Twitter

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Posted in Money, News, PoliticsTagged Canada, Canada Revenue Agency, CRA, FATCA, Foreign Account Tax Compliance Act, Internal Revenue Service, IRS, Justin Trudeau, Trudeau




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***TRENDING***
  • Poilievre's Plan To Unlock The Potential Of The Port of Churchill Is The Ambitious Thinking Canada Needs
  • Amid Rampant Inflation, Trudeau Government Turns To Distractions
  • In Canada, The Media Holds The Opposition Accountable & Politicians Blame The Public For Anger & Division
  • Justin Trudeau's Policies - Enabled By The Bank Of Canada - Are Crushing The Canadian Dream
  • Among Conservative Supporters, Pierre Poilievre's Net Approval Rating Is 38 Points Higher Than Charest's
  • Jean Charest's Trudeau-Style Attempt To Use Abortion As Wedge Issue Backfires
  • Another Liberal Excuse For Imposing Emergencies Act Has Been Exposed As False
  • Jean Charest Is Too Big A Risk To Lead The Conservatives
  • While Canadians Struggle, Trudeau Government Giving $42,000 Raise To Pro-Liberal Senate Group Head
  • The Danger Of Jagmeet Singh's Ignorant & Negative Populism
Poilievre's Plan To Unlock The Potential Of The Port of Churchill Is The Ambitious Thinking Canada Needs
Amid Rampant Inflation, Trudeau Government Turns To Distractions
In Canada, The Media Holds The Opposition Accountable & Politicians Blame The Public For Anger & Division
Justin Trudeau's Policies - Enabled By The Bank Of Canada - Are Crushing The Canadian Dream
Among Conservative Supporters, Pierre Poilievre's Net Approval Rating Is 38 Points Higher Than Charest's
Jean Charest's Trudeau-Style Attempt To Use Abortion As Wedge Issue Backfires
Another Liberal Excuse For Imposing Emergencies Act Has Been Exposed As False
Jean Charest Is Too Big A Risk To Lead The Conservatives
While Canadians Struggle, Trudeau Government Giving $42,000 Raise To Pro-Liberal Senate Group Head
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