Videos on Canadian Tax Amnesty (Voluntary Disclosure)
CRA released the new voluntary disclosure program (VDP or tax amnesty) rules on Friday December 15.
CRA has proposed changes to the voluntary disclosure program (VDP or tax amnesty) that if implemented will drastically curtail the availability of the penalty relief.
A UK Individual Savings Account (ISA) is like a Canadian Tax Free Savings Account in that it is not taxable in the UK.
All Canadian residents with offshore assets with a cost of more than $100,000 are required to file a CRA form T1135 on an annual basis. The T1135 reports all offshore assets, their jurisdiction, their type and any income earned.
All Canadian residents with a foreign affiliate are required to file a CRA form T1134 on an annual basis.
The OECD has periodically released its list of countries that it deem to be “uncooperative tax havens” – essentially countries that are not doing enough in terms of tax transparency. Read More
The taxation of real estate in BC, and specifically unreported income, has become a high profile issue as a result of several different stories published in the media. Read More
The taxation of real estate in BC, and specifically unreported income, has become a high profile issue as a result of several different stories published in the media. Read More
Toronto tax litigator David Rotfleisch warns there is a rash of fake CRA collection calls across Canada and it if you get caught in one of these phishing schemes it can cost you money.
Toronto tax litigator David Rotfleisch says the era of bank secrecy is over.
CRA Tax Amnesty application and unreported Swiss Bank Accounts.
