Solving the problems of U.S. citizenship – Information sessions! January 25, 2014

Solving the problems of U.S. citizenship – Information sessions!


Toronto, Saturday, January 25, 12:00 noon – 100 St. Joseph St. M5S 1J4 (Near Museum subway)

Kingston, Saturday, February 1, 1:00 pm to 3:00 pm (Delahaye Room – Kingston Frontenac Central Library)
Montreal, Sunday, February 2 (Tentative)
Vancouver, BC, (Tentative – Details will be available by January 31/14)
London, ON - Saturday February 8- Time and Location TBA
Waterloo, ON, Saturday, March 8, 4:00 pm
London, UK, Sunday, March 2, 2:00 pm
I received the following announcement about information sessions, provided by Toronto based lawyer, for people affected by the USA’s extra-territorial tax overreach which violates Canada’s sovereignty. I think it is a good idea. If you are an alleged US person and you have become aware that the US claims that you should be filing your taxes, please do nothing, do not enter the OVDI program, and above all, do not call a US cross border tax specialist (neither a lawyer nor an accountant), but educate yourself first. The paid experts will scare the hell out of you. There are many options besides allowing a cross border specialist lead you as a lamb to the slaughter.

If you are a Canadian citizen or resident of Canada, you have specific rights and protections that even FATCA cannot revoke. This is why these informational sessions will be useful to you. They will lay out and explore all your options.

The recent CBC coverage of FATCA and U.S. extraterritorial taxation has raised awareness/concern over the plight of Canadian citizens of U.S. origin. Those who are learning about this for the first time (the OMG moment) will be experiencing a combination of shock, fear, betrayal and more. There will be lots of people interested in understanding the situation and determining whether and/or how to respond.

Do NOT engage the services of an accountant or lawyer before equipping yourself with some basic knowledge!

Solving The Problems of U.S. Citizenship – Exploratory Sessions

The topics covered are designed to alert you to issues and are NOT offered as legal or accounting advice specific to your situation.

They include:

Citizenship Issues:

- Are you STILL a U.S. citizen?

- Are your children U.S. citizens?

- What might FATCA mean for me?

Tax Issues

- Filing U.S. tax returns – what’s involved?

- Filing information returns (FBAR, Form 3520, 5471, etc.)

- Reasonable cause (avoiding penalties)

Financial Planning Issues

- investment products that are cancerous for U.S. citizens

Does it make sense to renounce U.S. citizenship?

- Renouncing U.S. citizenship

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How To Attend …

Once a session has been marked “CONFIRMED” you are free to attend. Each session will have a $20 admission fee (to offset the cost of the room) which is payable in cash at the door. Neither taping nor video of any kind will be permitted.