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
