Voluntary 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. […]
Read moreVoluntary Disclosures: Disclosing a Bank Account, Offshore Income & the New Reporting Requirements
Introduction – Foreign Bank Accounts If you own offshore assets such as a bank account or real estate in a foreign country, or are a […]
Read moreThe No-name Voluntary Disclosure When It Makes Sense
**The following article is for historical reference only since no names voluntary disclosures have been unavailable since the new changes came into effect in 2018. […]
Read moreIncome From Illegal Activities
Many people are surprised to learn that income from illegal activities, such as income earned from theft, fraud, prostitution, and the sale of drugs and […]
Read moreThe Real Truth About Canadian Tax Amnesty
Are you considering a voluntary disclosure (VDP or tax amnesty application) to the Canadian tax department for unflled Canadian income tax returns or undeclared income, […]
Read moreSwiss Banks and Tax Authorities
Canadian residents (including individuals, businesses, corporations, trusts, and members of partnerships) are required to report their worldwide income for tax purposes. Yet, some Canadians use […]
Read moreTax Amnesty - Voluntary Disclosure, A Way to Sleep at Night
Taxpayer Compliance If you are losing sleep because of unreported income, tax evasion or unfiled tax returns, your situation is probably not as bad as […]
Read moreDisclaimer
"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."