I too am in a small city in Ontario. You'll find a lot of help at that site.
In a LOT Of cases what FATCA has done is to force the "U.S. person" in the family to have to choose between their foreign family or country of birth but, you cannot afford to be dual any longer. The rich can still do it but, not people like us.
My spouse was really angry that the U.S. wanted his banking information. Wondering why the U.S. is so offended about NSA reading emails and listening to phone calls but, it's okay for a Canadian to have their banking data turned over. Even the crafters of this legislation said in many cases FATCA was not about taxes but, about collecting data and that this data could be shared with other U.S. agencies. What agencies? And would a foreign person even know who had their banking account numbers, transactions and balances? Our local checking account up the street is NOT "off shore" to us. It's where we live.
They are playing whack a mole and the moles getting it are the 99 percent. Those who are uber wealthy will continue on as usual with their five hundred dollar an hour attorney's and planners.
Banks are getting bailed out with these IGA's and the customers are getting sold out American or not. Best not have ANY "U.S. indica" at all or renounce. My bank told us that I could take my name off our home and checking account. So if something happened to my husband I'd be a pauper. Either that or renounce, that's it. But you can't have an education savings fund for your child, a disability savings fund and many other things Canada encourages you to do or allows. ALL taxable in the U.S. You'll be a liability in many ways if you try to be dual anymore.
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