An introductory comment …
It is true that I have taken the steps to renounce, so my feeling is I’m done. However, my task now is to make sure Canadians know they should not put anyone with Dual US citizenship in a position of signing authority or any kind of business partnership. As we both know this exposes Canadians to the IRS through FBAR reporting. Also, I am concerned about Canadian politicians who hold dual US citizenship. I think this should be an issue in any upcoming provincial and federal election.
Congratulations to Thomas Mulcair
He is now the leader of the NDP which is Canada’s Official Opposition. Also, thanks to the NDP for their attention and support on FATCA, FBAR and the IRS assault on dual citizens in Canada. Mr. Mulcair is a patriotic Canadian citizen. He is also a citizen of France. This fact was well known. It did not prevent him from becoming leader of the NDP. But, what if Mr. Mulcair had been a dual U.S./Canada citizen? Or more specifically: what if Mr. Mulcair had been a U.S. citizen? Should this have made a difference? I believe this answer is yes. Here is why. Continue reading