Canadian Tax Amnesty – Time May Be Running Out for Canadians With Swiss Bank Accounts to File a Voluntary Disclosure With CRA – Canadian Tax Lawyer Comments
Swiss Banks Sending Letters to Canadian Account Holders For resident Canadian taxpayers that hold Swiss bank accounts which have not been reported to the Canada Revenue Agency […]
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Tax Evasion Sentencing – Voluntary Disclosure to Avoid Jail
Tax Evasion Sentencing – Voluntary Disclosure to Avoid Jail Tax evasion has become organized business and is sold and even franchised to Canadian public taxpayers. […]
Read moreEra of Offshore Bank Secrecy Dead
Almost every day brings new evidence that the era of bank secrecy for tax evaders is over, and that both tax authorities and banks are […]
Read moreDeduction of Professional Fees to Defend Voluntary Disclosure Filing Position
The Canada Revenue Agency confirmed in a roundtable discussion in January 2016 that professional fees related to the defence of a Canadian taxpayer’s filing positions […]
Read moreHSBC Caught Helping Canadian Taxpayers Hide Millions of Dollars in Swiss Accounts– Canadian Tax Lawyer Analysis
In Early February of this year, the CBC’s investigative journalism team uncovered documents that showed the Swiss arm of English based HSBC Bank actively aided […]
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Uber Drivers and Canadian Income Tax and HST – FAQ
Does an Uber Driver Have to Register for HST If an Uber driver bills more than $30,000 in a calendar year they they have to […]
Read moreOffshore Bank Accounts for Canadians Coming to an End
Although the Canada Revenue Agency (CRA) is not likely to start devoting as many resources to finding unreported offshore income as its counterpart in the […]
Read moreVoluntary Disclosure and Offshore Tax Informant Program
CRA has set out the rules for the new Offshore Tax Informant Program that can pay whistleblowers on tax cheats up to 15% of the […]
Read moreVoluntary Disclosures for Unreported Offshore Pension Income
Canada's Income Tax Act requires Canadian residents to report all worldwide income on their income tax returns. This includes offshore or foreign pension income. Two […]
Read moreDeceased Taxpayers and the Voluntary Disclosure Program
There can be many tax obligations on a person’s estate even after he or she has died. These obligations are carried out by the executor. […]
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"These articles provide information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."