Canada
Canada (Photo credit: palindrome6996)

A very compelling article about the impact of FATCA. Worth the read, especially if you are a US person living in Canada.

U.S. Persons Abroad - Members of a Unique Tax, Form and Penalty Club

Almost all people (“Homelander Elite Corp” members excepted)  agree that FATCA is bad.

To be specfiic:

Everybody understands that FATCA is damaging to U.S. persons abroad.

Some understand that FATCA will result in GATCA which will damage the economy of the Homeland.

Few understand how FATCA is damaging the economies of other sovereign nations.

I came across this interesting post at the Isaac Brock Society:

View original post 660 more words

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Author: Warren Orlans

Welcome to the blog for Intaxicating Tax Services, www.intaxicating.ca. My name is Warren Orlans and I am the owner of inTAXicating Tax Services. With over 17-years experience in the taxation industry, 11 of them working for the Canada Revenue Agency (CRA), and the rest working in the private sector at large financial institutions responsible for resolving tax issues for corporations and individuals and the Canadian lead for a large US bank on FATCA implementation. My tax career began pretty much out of university at the CRA, in Collections, where I moved up, across, over and up again through their division with stops in Enforcement, Taxpayer Relief (then Fairness), Audit, Directors Liability, Training, Mentoring, GST, GST/HST, Payroll, Corporate Tax, Personal tax, and probably much more. If you have a collections, compliance or audit issue with the CRA, MRQ, IRS or with the CRTC, WSIB or any aspect of those agencies, inTAXicating is the place you need to contact. inTAXicating Tax Services has strategic partnerships which allows my team to include amazing tax lawyers, insolvency practitioners, mortgage brokers, debt counselling experts and much more. When dealing with governments, knowledge is power. We possess strong understanding of government so we know what the next step is before the government does. When you have a collections problem with the CRA, do you hire a graphic artist? No, you get a former collector who trained the staff, and who worked as a resource officer for 5 years. Then you know you are on the right track to resolving your tax problem(s). Others offer suggestions. We offer solutions! info@intaxicating.ca

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