http://davidraymondamos3.blogspot.ca/2018/05/round-two-of-trump-trudeau-and-taxman.html
http://www.cbc.ca/news/politics/trump-trudeau-tax-reform-1.4644074
Trudeau government should help those hit by Trump tax: MPs
Morneau's office says government is analyzing the impact of Trump's tax reform
---------- Original message ----------
From: Murray.Rankin.C1@parl.gc.ca
Date: Wed, 2 May 2018 15:10:55 +0000
Subject: Automatic reply: Automatic reply: Murray Rankin and Pat Kelly
can laugh at me all they wish At least I told them I published the email
I sent earlier today EH?
To: motomaniac333@gmail.com
Hello,
I am currently out of the office and have limited access to email and
phone. I will be returning to the office on Monday, May 7th. If you
require assistance in the meantime, please call our Victoria office:
250-363-3600.
-Krystal
To: motomaniac333@gmail.com
Hello,
I am currently out of the office and have limited access to email and
phone. I will be returning to the office on Monday, May 7th. If you
require assistance in the meantime, please call our Victoria office:
250-363-3600.
-Krystal
---------- Original message ----------
From: Murray.Rankin@parl.gc.ca
Date: Wed, 2 May 2018 14:55:34 +0000
Subject: Automatic reply: Murray Rankin and Pat Kelly can laugh at me all they wish
At least I told them I published the email I sent earlier today EH?
To: motomaniac333@gmail.com
Greetings!
Thank you for taking the time to contact me and to express your views.
I acknowledge receipt of your email.
While my team and I read all correspondence, the volume of emails we
receive means that I am not able to respond immediately to every
message. Every effort will be made to reply to you as soon as
possible. In most cases, anonymous, cc'd or forwarded items will not
receive a response.
If you are a constituent of Victoria seeking assistance with a federal
service or program, then please ensure your email included your full
name, address, postal code, telephone number, and the details of your
situation so that my office is able help you efficiently. If the
matter is time-sensitive, then please call my office directly at
250-363-3600. If we are unable to answer your call immediately, please
leave a voicemail and we will return your call at our earliest
opportunity. Please be assured that all email sent to this office is
treated as confidential.
For Victoria media, please contact Krystal at murray.rankin.c1@parl.gc.ca .
For Ottawa media, please contact Charlotte at murray.rankin.a2@parl.gc.ca .
My team and I look forward to continuing our hard work for the
residents of Victoria.
Sincerely,
***
Bonjour!
Merci d'avoir communiqu? avec moi et d'avoir partag? vos commentaires
et vos suggestions. J'accuse r?ception de votre courriel.
Soyez assur? que, malgr? le grand nombre de courriels que nous
recevons chaque jour, mon ?quipe et moi lisons tous les items re?us et
que nous examinerons votre courriel le plus t?t possible.
NB : Veuillez vous assurer de toujours bien indiquer votre nom, votre
pr?nom, votre num?ro de t?l?phone, et adresse postale, y compris le
code postal. Pour les demandes urgentes, veuillez appeler mon bureau
en circonscription au 250-363-3600. Si nous ne r?pondons pas tout de
suite, laissez un message d?taill? avec les informations n?cessaires
(ci-haut). Sachez que nous traitons tout courriel comme confidentiel.
Pour toute question m?diatique ? Victoria, veuillez contacter Krystal
au compte murray.rankin.c1@parl.gc.ca .
Pour toute question m?diatique ? Ottawa, veuillez contacter Charlotte
au compte murray.rankin.a2@parl.gc.ca
Merci!
Murray Rankin, Member of Parliament
Victoria
NDP Justice Critic and Deputy House Leader
New Democratic Party
______________________________
Victoria: 250-363-3600 | Ottawa: 613-996-2358 | www.murrayrankin.ca
UFCW 232
---------- Original message ----------
From: "MinFinance / FinanceMin (FIN)" <fin.minfinance-financemin.
Date: Wed, 2 May 2018 14:55:39 +0000
Subject: RE: Murray Rankin and Pat Kelly can laugh at me all they wish
At least I told them I published the email I sent earlier today EH?
To: David Amos <motomaniac333@gmail.com>
The Department of Finance acknowledges receipt of your electronic
correspondence. Please be assured that we appreciate receiving your
comments.
Le ministère des Finances accuse réception de votre correspondance
électronique. Soyez assuré(e) que nous apprécions recevoir vos
commentaires.
---------- Original message ----------
From: David Amos <motomaniac333@gmail.com>
Date: Wed, 2 May 2018 10:55:28 -0400
Subject: Murray Rankin and Pat Kelly can laugh at me all they wish At least I told them
I published the email I sent earlier today EH?
To: Pat.Kelly@parl.gc.ca, "elizabeth.thompson" <elizabeth.thompson@cbc.ca>, harvey.cashore@cbc.ca, Murray.Rankin@parl.gc.ca,
"Bill.Morneau" <Bill.Morneau@canada.ca>, "hon.ralph.goodale" <hon.ralph.goodale@canada.ca>,
"Greta.Bossenmaier" <Greta.Bossenmaier@cse-cst.gc.
"Brenda.Lucki" <Brenda.Lucki@rcmp-grc.gc.ca>, Diane.Lebouthillier@cra-arc.
fin.minfinance-financemin.fin@
Cc: David Amos <david.raymond.amos@gmail.com>,
"Liliana.Longo" <Liliana.Longo@rcmp-grc.gc.ca>,
George J Russell TIGTA <j.Russell.George@tigta.treas.
"mark.vespucci" <mark.vespucci@ci.irs.gov>, "jan.jensen" <jan.jensen@justice.gc.ca>,
"bill.pentney"
<bill.pentney@justice.gc.ca>,
"Nathalie.Drouin" <Nathalie.Drouin@justice.gc.ca
Scroll down past the CBC article and keep laughing
http://davidraymondamos3.
Wednesday, 2 May 2018
Round Two of Trump, Trudeau and the Taxman
Scroll down past the CBC article and keep laughing
http://davidraymondamos3.
Wednesday, 2 May 2018
Round Two of Trump, Trudeau and the Taxman
http://www.cbc.ca/news/politics/trump-trudeau-tax-reform-1.4644074
Trudeau government should help those hit by Trump tax: MPs
Morneau's office says government is analyzing the impact of Trump's tax reform
1912 Comments
Commenting is now closed for this story.
Mat Cheer
Is this welfare for rich people ?
David Amos
@Mat Cheer NOPE
David Amos
@David Allan Methinks you should read the articles before spouting off about their content N'esy Pas?
David Allan
David Amos
David Allan
@David Amos
I did.
You've admitted that you refuse to learn, so how can you claim to know? That would involve learning.
Not one non-US citizen is affected.
Not one.
I did.
You've admitted that you refuse to learn, so how can you claim to know? That would involve learning.
Not one non-US citizen is affected.
Not one.
@Michael Murphy Methinks that
this just part of a Circus orchestrated by Trump to embarrass liberals
and it appears to be working N'esy Pas?
"Finance Minister Bill Morneau refused to comment on the situation on his way into Tuesday's cabinet meeting.
Chloe Luciani Girouard, spokeswoman for Morneau, said the Department of Finance is still analyzing the impact of the tax reform, a process she said likely will take months.
"In parallel, Minister Morneau has committed to spending the next few months discussing these potential impacts with business leaders and Canadians in order to get a more complete picture and determine what action needs to be taken to ensure fairness and competitiveness for Canadians and Canadian businesses," she said."
"Finance Minister Bill Morneau refused to comment on the situation on his way into Tuesday's cabinet meeting.
Chloe Luciani Girouard, spokeswoman for Morneau, said the Department of Finance is still analyzing the impact of the tax reform, a process she said likely will take months.
"In parallel, Minister Morneau has committed to spending the next few months discussing these potential impacts with business leaders and Canadians in order to get a more complete picture and determine what action needs to be taken to ensure fairness and competitiveness for Canadians and Canadian businesses," she said."
David Amos
@David Allan Clearly you know nothing at all. I am a non US citizen who has already been affected by FATCA.
Methinks you should have paid attention yesterday but at the risk of being redundant all you have to do is Google the following then give Bill Morneau or Trumps's lawyers a call before trying to call me names N'esy Pas?
Trump David Amos FATCA
Methinks you should have paid attention yesterday but at the risk of being redundant all you have to do is Google the following then give Bill Morneau or Trumps's lawyers a call before trying to call me names N'esy Pas?
Trump David Amos FATCA
Rob Unrau
I'm not sorry for these tax avoiding so called Canadians.
james Clerk Maxwell
@Rob Unrau
Let them burn
Let them burn
Dick Pusher
@james Clerk Maxwell
What a ridiculous thing to say. Quite un-Canadian
What a ridiculous thing to say. Quite un-Canadian
David Amos
@Rob Unrau Methinks you talk like a Yankee Taxman. These folks are paying Canadian taxes Nesy Pas?
David Amos
@Dick Pusher Methinks a lot of un-Canadians with strange names say ridiculous things as well N'esy Pas?
Karen King
@David Amos
huh not a typo then? n'est pas
huh not a typo then? n'est pas
David Amos
@Karen King Nope However
Methinks you should know better if you are going to try to teach an old dog new tricks N'est-ce Pas?
Methinks you should know better if you are going to try to teach an old dog new tricks N'est-ce Pas?
David Allan
@David Amos just admitted to refusing to learn.
"Methinks you should know better if you are going to try to teach an old dog new tricks N'est-ce Pas?"
People who refuse to learn are unworthy of patience.
By your own admission, you're not worth the time.
So we'll just ridicule you for your commitment to ignorance.
"Methinks you should know better if you are going to try to teach an old dog new tricks N'est-ce Pas?"
People who refuse to learn are unworthy of patience.
By your own admission, you're not worth the time.
So we'll just ridicule you for your commitment to ignorance.
David Amos
@David Allan "So we'll just ridicule you for your commitment to ignorance."
Methinks you do not have the first clue as to whom you are insulting N'ey Pas?
Methinks you do not have the first clue as to whom you are insulting N'ey Pas?
Alan MacLean
"Many of the Canadian residents affected are small business owners or professionals like doctors or lawyers..."
How many Americans come to Canada to practice medicine?
Let's call a spade a spade- personal services corporations exist to help avoid paying tax. There is no guarantee that the rules surrounding them will never change.
You pay your money and you take your chances.
How many Americans come to Canada to practice medicine?
Let's call a spade a spade- personal services corporations exist to help avoid paying tax. There is no guarantee that the rules surrounding them will never change.
You pay your money and you take your chances.
Alan MacLean
@Mike Hamilton
Probably lots. This sucks for the people involved, but not every day is sunshine and roses for anybody.
Probably lots. This sucks for the people involved, but not every day is sunshine and roses for anybody.
Mike Hamilton
@Alan MacLean How many of these dual citizens came here as children?
David Amos
@Alan MacLean These folks
obeyed the rules created by the the Taxmen on BOTH sides of the border.
Then with the stoke of a pen Trump can change the rules and grab money
legally earned and taxed going decades?
Methinks that is NOT very ethical However we all know the Taxman on both sides of the 49th can do anything because the governments always want our more of our money every day N'esy Pas?
Methinks that is NOT very ethical However we all know the Taxman on both sides of the 49th can do anything because the governments always want our more of our money every day N'esy Pas?
David Amos
@Mike Hamilton I am the Proud Father of two of them living in the USA Should they pay Canadian taxes as well?
David Amos
@Roch Comeau Methinks the sad
but true part of this tale of two countries told by CBC is that
although the Taxman on both sides of the 49th are ruthless it is the
politicians who create the laws and support the malice that we should
vote out of officeASAP N'esy Pas?
mike holy
Trudeau government should help those hit by Trump tax
WRONG
your tax bill is NOT my bill
God bless
WRONG
your tax bill is NOT my bill
God bless
Kevin Delaney
@mike holy
But... But.... But...
Conservatism... be it Canadian or American... loves the tax reforms of Trump.
Conservatism... now wants Liberalism to save them from.... the tax reforms of Trump.
Conservatism.... wants it both ways.... and the ability to blame Liberals... ah the pursuit of perfection. Are you no longer in favor of the perfections of Trump-ism?
But... But.... But...
Conservatism... be it Canadian or American... loves the tax reforms of Trump.
Conservatism... now wants Liberalism to save them from.... the tax reforms of Trump.
Conservatism.... wants it both ways.... and the ability to blame Liberals... ah the pursuit of perfection. Are you no longer in favor of the perfections of Trump-ism?
David Amos
@Kevin Delaney Methinks I
should not prentend to be holier than thou or the dude who blesses us
all but I wish to boil down your message to see if I understood it.
In a nutshell it does not matter the colour of their political coat all politician want to tax more more more. Correct?
Methinks whomever sits in opposition only after they take an oath to the Queen protest too much but get nothing done in the form of tax relief for the common man they purportedly serve. N'esy Pas?
mo bennett
In a nutshell it does not matter the colour of their political coat all politician want to tax more more more. Correct?
Methinks whomever sits in opposition only after they take an oath to the Queen protest too much but get nothing done in the form of tax relief for the common man they purportedly serve. N'esy Pas?
John Oaktree
@mike holy
A good Christian would be showing compassion and setting up accounts to collect charitable donations to help those in need rather than criticizing them...
God bless.
A good Christian would be showing compassion and setting up accounts to collect charitable donations to help those in need rather than criticizing them...
God bless.
David Amos
@John Oaktree Kinda like the Clinton Foundation N'esy Pas?
Dax Randall
@mike holy
Dude, you have already told us you are American. Your tax bill is from the IRS not CRA.
Fail.
Dude, you have already told us you are American. Your tax bill is from the IRS not CRA.
Fail.
David Amos
@Dax Randall LOL
David Amos
@Karen King "Has nothing to do with the Liberals or the finance minister. Did you read the article??"
Methinks you should read it again. You should not deny that the following word are inserted under the Liberal Finance Minister Bill Morneau's photograph N'esy Pas?
"Finance Minister Bill Morneau's office says the government is analyzing the impact of Trump's tax reform on Canada. (Christopher Katsarov/Canadian Press)"
Methinks you should read it again. You should not deny that the following word are inserted under the Liberal Finance Minister Bill Morneau's photograph N'esy Pas?
"Finance Minister Bill Morneau's office says the government is analyzing the impact of Trump's tax reform on Canada. (Christopher Katsarov/Canadian Press)"
Rob Kov
@David Amos I wouldn't both, I
was attacked for "not reading the article" and down voted repeatedly,
then when I quoted the article to prove my point I was also down voted.
You can't help people who are brainwashed.
You can't help people who are brainwashed.
Content disabled.
David Amos
David Amos
@Rob Kov Relax its just
trolls attacking you. Look for the fun or your will go mad. Methinks
the most amazing in this circus is that CBC supports the Trolls N'esy
Pas?
David Amos
John Oaktree
@David Amos
Nope - I wouldn't count the Clinton Foundation as "good Christians".
The alt-right may think that Hillary Clinton is a religion, but it's not true.
Nope - I wouldn't count the Clinton Foundation as "good Christians".
The alt-right may think that Hillary Clinton is a religion, but it's not true.
@John Oaktree Methinks that you misunderstood my humour N'esy Pas?
mo bennett
trudeau should help the
860,000 Canadians that had to rely on food banks last month, and let the
people with money look after their own problems. after all, besides 45,
who created the problem?
David Amos
@mo bennett TRUE
David Amos
@David Allan "Off-topic, false dichotomy nonsense. "
Methinks that M would agree that you are too funny hence you are featured at the top of my blog and Twitter feed right now N'esy Pas?
Methinks that M would agree that you are too funny hence you are featured at the top of my blog and Twitter feed right now N'esy Pas?
David Amos
@mo bennett YO Mo Opps I forgot your O Sorry about that :)
Allan Campbell
Anyone on here finding some way to blame Trudeau for this is only displaying their ignorance.
David Amos
@Allan Campbell Methinks it
was Trudeau "The Younger" government that ordered the CRA to send the
our bank records etc to the USA N'esy Pas?
Methinks you should know better if you are going to try to teach an old dog new tricks N'est-ce Pas?
Karen King
@David Amos
should that not be n'est pas??
should that not be n'est pas??
David Amos
@Karen King Nope Methinks
that is a polite way to remind Trudeau "The Younger" that a Maritimer
with Scottish Heritage who ran for public office five times thus far
does not appreciate the amendments to our Constitution by Trudeau "The
Elder' and his cohorts. I doubt the ghosts of Sir John A. MacDonald,
R.B. Bennett and John Diefenbaker do either N'esy Pas?
David Amos
@David Allan So you say but as always you fail to argue and prefer to merely insult folks instead N'esy Pas?
Karen King
@David Amos
huh not a typo then? n'est pas
huh not a typo then? n'est pas
David Amos
@Karen King Nope However
@Karen King Nope However
Methinks you should know better if you are going to try to teach an old dog new tricks N'est-ce Pas?
David Amos
@Marcus Garvey You do know
you are arguing a man who sued 3 US Treasury Agents in 2002 for covering
up Tax Fraud after he had filed a Form 211 with the IRS?
Steven Arsenault
@David Amos
The N'esy Pas? is driving me a little batty I gotta say.....so if that is the goal it is clearly working..... It is getting close to the gentleman who says God Bless while he holds opinions entirely antithetical to Jesus.
The N'esy Pas? is driving me a little batty I gotta say.....so if that is the goal it is clearly working..... It is getting close to the gentleman who says God Bless while he holds opinions entirely antithetical to Jesus.
David Allan
@Karen King
"should that not be n'est pas??"
Who knows what he thinks he's saying. He can't provide a source or an explanation.
It's n'est-ce pas, for we who are interested in learning and expanding our knowledge. David Amos has chosen to not concern himself with knowledge and understanding.
"should that not be n'est pas??"
Who knows what he thinks he's saying. He can't provide a source or an explanation.
It's n'est-ce pas, for we who are interested in learning and expanding our knowledge. David Amos has chosen to not concern himself with knowledge and understanding.
David Allan
@David Amos
There's no point in arguing with someone who has admitted he doesn't want to learn.
Your only value here is in being ridiculed.
There's no point in arguing with someone who has admitted he doesn't want to learn.
Your only value here is in being ridiculed.
David Allan
@David Amos
"You do know you are arguing a man who sued 3 US Treasury Agents in 2002 for covering up Tax Fraud after he had filed a Form 211 with the IRS?"
Prove it.
"You do know you are arguing a man who sued 3 US Treasury Agents in 2002 for covering up Tax Fraud after he had filed a Form 211 with the IRS?"
Prove it.
Content disabled.
David Amos
David Amos
@David Allan Methinks the wish of a son of an ex Yankee should be my command N'esy Pas?
Enjoy
https://www.scribd.com/document/2619437/CROSS-BORDER
Enjoy
https://www.scribd.com/document/2619437/CROSS-BORDER
David Amos
@David Allan Methinks it is a rather telling thing that every time I prove it to you CBC blocks me N'esy Pas?
Content disabled.
David Amos
@David Allan To see a form 211 Google
qsls bank fraud pay out
qsls bank fraud pay out
David Amos
@David Amos To see one of the lawsuits Google
David Raymond Amos scribd cross border
David Raymond Amos scribd cross border
David Amos
@David Amos WOW blocked again
David Amos
@Allan Campbell After being blocked three times within this thread alone methinks I proved a point too N'esy Pas?
Jay Rezn
No, the government should not get involved.
Being a dual citizen means that you take the risk of being a citizen in those countries. Its a choice you make.
I relinquished my US citizenship after 9/11 because I didn't want to be associated with the craziness that became the US with the war on 'terror'. Never regretted it.
Being a dual citizen means that you take the risk of being a citizen in those countries. Its a choice you make.
I relinquished my US citizenship after 9/11 because I didn't want to be associated with the craziness that became the US with the war on 'terror'. Never regretted it.
David Amos
@Jay Rezn I did the same
thing kinda sorta but in reverse. Whereas I was married to a Yankee lady
(with Permanent resident status but Canadian citizenship only) and the
Proud Father of two Yankees I made certain my Yankee children were
Canadian citizens before they turned 18.
John Boston
@David Amos
If they were Yankees once it might be smart to consider renunciation.
If they were Yankees once it might be smart to consider renunciation.
Dallas Mcquarrie
The Trudeau government should
be doing a lot more to help the poor instead of always rushing to bail
out the wealthy at the expense of the poor. If we start paying for the
damage done by Trump, we'll be bankrupt by the weekend! Perhaps it's
time for the Can-icans with dual citizenship to choose between Trumpland
and Canada, and not depend on welfare for the wealthy to bail them out.
David Amos
@Dallas Mcquarrie "Perhaps
it's time for the Can-icans with dual citizenship to choose between
Trumpland and Canada, and not depend on welfare for the wealthy to bail
them out."
Methinks I should be grateful that you don't speak for my children N'esy Pas?
Methinks I should be grateful that you don't speak for my children N'esy Pas?
Peter McArthur
While I am not a Trudeau fan,
this is all about parties trying to further discredit Trudeau's
government. NDP fighting for "wealthy" business owners - that is a
joke.
I agree with many comments that these corporations are set up to take advantage of tax loopholes and avoid paying taxes. So loophole closed - too bad - maybe your high priced lawyers and accountants who set up these accounts should help pay you back.
I agree with many comments that these corporations are set up to take advantage of tax loopholes and avoid paying taxes. So loophole closed - too bad - maybe your high priced lawyers and accountants who set up these accounts should help pay you back.
Content disabled.
David Amos
David Amos
@Peter McArthur "NDP fighting for "wealthy" business owners - that is a joke. "
Methinks I should call a certain NDP lawyer ASAP N'esy Pas?
Methinks I should call a certain NDP lawyer ASAP N'esy Pas?
Content disabled
David Amos
David Amos
@David Amos Oh My CBC blocks
my comment after it was read and liked a and dislikes couple of times.
Methinks that is not fair play N'esy Pas?
Content disabled.
David Amos
@David Amos Oh My My 4 "Content disabled" notices in mere minutes.
David Amos
@Vinit Khosla Me Too
David Amos
@Peter McArthur "While I am
not a Trudeau fan, this is all about parties trying to further discredit
Trudeau's government. NDP fighting for "wealthy" business owners - that
is a joke. "
Methinks most folks would agree that you are correct about it being a joke N'esy Pas?
Methinks most folks would agree that you are correct about it being a joke N'esy Pas?
Greg Gore (formerly Greggore)
Not 1 Canadian Tax Paying Cent should be spent helping people who have dual citizenship.
Shane MacDonald
@John Boston
Correction: they are dual nationals who have paid Canadian taxes and are now required by the laws of one of their countries of citizenship to pay US taxes.
Correction: they are dual nationals who have paid Canadian taxes and are now required by the laws of one of their countries of citizenship to pay US taxes.
David Amos
@Shane MacDonald Methinks the
folks are required to do only AFTER obeying the Taxman's rules for
decades Then Trump changes the rules with a stroke of the pen and
demands that Canada help him collect money that was NOT owed in the
first place N'esy Pas?
David Amos
@David Allan "This has nothing to do with anything Canadian. Nothing at all."
Methinks somebody should read this article then explain it to you read slow N'esy Pas?
I don't know what you think you're referring to, but you should actually read the section. "
Methinks most politicians know that I have been arguing the Charter with the Crown since 2015.
Perhaps folks should review the first comments I ever made in a CBC news article while I was running in the election of the 42nd Parliament N'esyPas?
http://www.cbc.ca/news/canada/new-brunswick/fundy-royal-riding-profile-1.3274276
Methinks somebody should read this article then explain it to you read slow N'esy Pas?
David Amos
@David Allan "The Charter in that context is with regard to what Canada is allowed to do. Canada is doing nothing.
I don't know what you think you're referring to, but you should actually read the section. "
Methinks most politicians know that I have been arguing the Charter with the Crown since 2015.
Perhaps folks should review the first comments I ever made in a CBC news article while I was running in the election of the 42nd Parliament N'esyPas?
http://www.cbc.ca/news/canada/new-brunswick/fundy-royal-riding-profile-1.3274276
Trudeau government should help those hit by Trump tax: MPs
Morneau's office says government is analyzing the impact of Trump's tax reform
Prime Minister Justin Trudeau's government
should be doing more to help thousands of Canadian residents being hit
hard by U.S. President Donald Trump's tax reform, say opposition
critics.
"This is destroying the retirement plans of many Canadians who have used these corporations, often as part of their tax planning for their retirement," said New Democrat MP Murray Rankin.
"Canada should do more than simply say, 'Isn't this terrible.' Perhaps they can find relief for those Canadians who are caught in this situation, at least insofar as their Canadian tax payments are concerned."
Conservative revenue critic Pat Kelly called on the government to protect the interests of those being hit by Trump's tax reform, many of whom have Canadian as well as U.S. citizenship.
"If there are consequences of this tax reform bill — whether they are intended or not — on Canadian citizens then our government has a duty and a responsibility to ensure that they act accordingly and deal with this."
The comments came in the wake of news that thousands of Canadian residents are facing massive tax bills as a result of sweeping tax changes Trump signed into law just before Christmas.
Part of that tax reform was intended to get U.S. multinationals like Apple and Microsoft to stop sheltering billions of dollars in foreign subsidiaries. However, Canadian residents with U.S. or dual citizenship who own Canadian corporations are getting slammed by a one-time retroactive tax on all of their companies' retained earnings going back to 1986.
Finance Minister Bill Morneau's office says the government is analyzing the impact of Trump's tax reform on Canada. (Christopher Katsarov/Canadian Press)
Many
of the Canadian residents affected are small business owners or
professionals like doctors or lawyers who had been using their
corporations to save for retirement. They are now facing massive tax
bills of hundreds of thousands — even millions — of dollars.
Finance Minister Bill Morneau refused to comment on the situation on his way into Tuesday's cabinet meeting.
Chloe Luciani Girouard, spokeswoman for Morneau, said the Department of Finance is still analyzing the impact of the tax reform, a process she said likely will take months.
"In parallel, Minister Morneau has committed to spending the next few months discussing these potential impacts with business leaders and Canadians in order to get a more complete picture and determine what action needs to be taken to ensure fairness and competitiveness for Canadians and Canadian businesses," she said.
However, Rankin and Kelly said the government needs to do more than just consult.
"We now have a situation where the government of Canada isn't doing very much except studying the problem," said Rankin.
"The implication isn't just that the money is being taken by the Trump regime over to the United States. The implication as well is that money is in the retained earnings of a Canadian company. And then when you take that money out to pay your U.S. bill, your brand-new U.S. bill, there's a tax event in Canada as well."
Pat
Kelly, Conservative MP for the riding of Calgary Rocky Ridge, says
Trump's tax reform could affect Canada's economic competitiveness. (Christian Diotte, House of Commons)
Rankin
said tax professionals and federal government officials should look
into whether Trump's tax reform breaches the existing Canada-U.S. tax
treaty.
Kelly said he is also concerned about the threat of capital flight from Canada to the U.S. as a result of Trump's tax reform.
"The effect is to encourage the repatriation of money to the United States," he said. "So if companies choose to relocate to the United States or to take money out of Canada, that will affect our competitiveness and it will affect employment."
Elizabeth Thompson can be reached at elizabeth.thompson@cbc.ca
"This is destroying the retirement plans of many Canadians who have used these corporations, often as part of their tax planning for their retirement," said New Democrat MP Murray Rankin.
"Canada should do more than simply say, 'Isn't this terrible.' Perhaps they can find relief for those Canadians who are caught in this situation, at least insofar as their Canadian tax payments are concerned."
Conservative revenue critic Pat Kelly called on the government to protect the interests of those being hit by Trump's tax reform, many of whom have Canadian as well as U.S. citizenship.
"If there are consequences of this tax reform bill — whether they are intended or not — on Canadian citizens then our government has a duty and a responsibility to ensure that they act accordingly and deal with this."
Targeting multinationals
The comments came in the wake of news that thousands of Canadian residents are facing massive tax bills as a result of sweeping tax changes Trump signed into law just before Christmas.
Part of that tax reform was intended to get U.S. multinationals like Apple and Microsoft to stop sheltering billions of dollars in foreign subsidiaries. However, Canadian residents with U.S. or dual citizenship who own Canadian corporations are getting slammed by a one-time retroactive tax on all of their companies' retained earnings going back to 1986.
While
the tax is being levied based on the retained earnings in corporations,
it's the individuals with U.S. citizenship who have to include it in
their 2017 tax returns.
If they have to take money out of their company to pay the tax, they risk getting hit with Canadian taxes as well.Finance Minister Bill Morneau refused to comment on the situation on his way into Tuesday's cabinet meeting.
Chloe Luciani Girouard, spokeswoman for Morneau, said the Department of Finance is still analyzing the impact of the tax reform, a process she said likely will take months.
"In parallel, Minister Morneau has committed to spending the next few months discussing these potential impacts with business leaders and Canadians in order to get a more complete picture and determine what action needs to be taken to ensure fairness and competitiveness for Canadians and Canadian businesses," she said.
However, Rankin and Kelly said the government needs to do more than just consult.
"We now have a situation where the government of Canada isn't doing very much except studying the problem," said Rankin.
Review the tax treaty: Rankin
"The implication isn't just that the money is being taken by the Trump regime over to the United States. The implication as well is that money is in the retained earnings of a Canadian company. And then when you take that money out to pay your U.S. bill, your brand-new U.S. bill, there's a tax event in Canada as well."
Kelly said he is also concerned about the threat of capital flight from Canada to the U.S. as a result of Trump's tax reform.
"The effect is to encourage the repatriation of money to the United States," he said. "So if companies choose to relocate to the United States or to take money out of Canada, that will affect our competitiveness and it will affect employment."
Elizabeth Thompson can be reached at elizabeth.thompson@cbc.ca
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