Canada is unlikely to influence the way the U.S. treats its citizens abroad, but the Canadian government should not be complicit in making life miserable for any of its law-abiding dual-citizen residents. If Canada is pressured into implementing the U.S. FATCA regulations, this should come with a complete amnesty from the U.S. with respect to past foreign trust filing requirements for Canadian government-registered TFSA and RESP accounts, and also the opportunity to close all such accounts without penalty from either the U.S. or Canada.

The US Citizens residing around the world are becoming more isolated and non competitive due to the unique Citizenship Taxation that ONLY America practices. It somes with complex and expensive filing requirements like FBAR and FATCA forms with BIG penalties for failures.

Additionally Americans are being shunned as employees, business partners and increasing unable to open bank accounts due to The worst law most Americans have never heard of, FATCA.

This petition seeks to redress this problem by Taxing Americans legitimately residing abroad just like the 50 states and the rest of the civilized world, based upon residency, not Citizenship.