The end of Canadian sovereignty is in sight

Are you aware that ANY Canadian opening a new bank account at any of the major financial institutions will be asked invasive questions about their citizenship and sometimes their place of birth? This all thanks to the Harper government caving in to pressure from the United States and the banking industry as part of the United States Foreign Account Tax Compliance Act (FATCA). See this IRS site for details about this draconian legislation that makes a laughingstock of Canadian, not to mention other countries, sovereignty: http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA 

The law imposes penalties on non-compliant financial institutions doing business in the United States. In order for this legislation to work, however, a little extra legal twist was needed, an Intergovernmental Agreement (IGA). Canada was I believe the last of the G-8 nations to sign an IGA on February 5, 2014 (http://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Canada-2-5-2014.pdf) and it was made official as part of the omnibus bill C-31 which received royal assent on June 19, 2014. 

Now you might think it bad for Canadians to be asked those questions or you might think them perfectly innocent, however, for anyone falling under the definition of a "U.S. person" (U.S. Internal Revenue Service terminology), which includes anyone who was born in the U.S., the tax consequences could be severe. Unless you can prove you're no longer a "U.S. person", you'll find your new bank account data heading out of country via the Canada Revenue Agency to the IRS. 

The Alliance for the Defence of Canadian Sovereignty (ADCS-ADSC: http://www.adcs-adsc.ca/) is planning a lawsuit against the Canadian government around the enactment of FATCA on Canadian soil through the IGA and is appealing for donations to fund the lawsuit through its own site and that of the Isaac Brock Society (http://isaacbrocksociety.ca/).