A non-profit site educating Canadians and Americans
about the differences between human-beings,
natural-persons and artificial-persons
man & woman,
created by God.
|How the Government created your new identity
how you can reclaim your unalienable rights.
created by Man.
|For the text of this web-site is with the absence of the legal-advice.||
The Bank Act (see Links to view entire Act) re-defines person to mean both natural and artificial as follows:
"person" « personne »
"entity" « entité »
"personal representative" « représentant personnel »
From the above definitions, the Bank Act
references both natural-persons and artificial-persons.
This should allow a natural-person to open
a bank account as such, but most banks do
not know about or do not like to open bank
accounts for natural-persons. Prior to April
30, 2003, the Bank Act provided for a "personal
deposit account" in section 444. This
was the natural-person bank account. Section
444 has now been repealed and replaced by sections beginning at 439.1 relating to a "personal
deposit account". Also, in section
563 of the Bank Act, "personal deposit accounts" are
available for FOREIGN BANKS in PART
XII of the Act.
Now, the USA has managed to spread their "tax grab" to offshore accounts, as described in this article.
"176. (1) A promissory note is an unconditional promise in writing made by one person to another person, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money to, or to the order of, a specified person or to bearer."After that time (1969), the words "will pay to the bearer on demand" were removed and replaced with the words "this note is legal tender". See the Bank of Canada web-site. At this point, the notes immediately ceased to be "Promissory Notes" and it is not know what they are except "fiat" (fake) notes that have no value at all. They are, in-effect, non-reedemable instruments because they cannot be redeemed for gold, according to the Bank of Canada web-site.
It also appears that Canadian "money" is not a Bill of Exchange because they are not addressed "by one person to another", therefore the use of the colloquial expression "dollar bill" is also incorrect. A Bill of Exchange is defined as follows (from the Bills of Exchange Act):
"16. (1) A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay, on demand or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person or to bearer.."
In addition, the notes we call "money"
actually belong to the Bank of Canada and
if anybody defaces the "money",
such action will be subject to penalty.
Here are some excellent links to Hon. Paul Hellyer's work on the "Canadian Bank Reformers", and is worth investigating: