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  • Article

    Haven't Fulfilled Your U.S. Tax Obligations? (Infographic)

    In recent months, there have been rumblings that the Streamlined program – a "friendly" system that helps U.S. taxpayers living abroad get caught up on their filing obligations – is coming to an end.
    CanadaTax
    Collins Barrow National Incorporated
    Collins Barrow National Incorporated
  • Article

    Shielding Non‐Resident's Assets Via A Canadian LP

    Sunita Doobay of TaxChambers LLP discusses the use of a Canadian LP to shield a non-resident's assets in her latest article for Canadian Tax Highlights.
    CanadaTax
    KPK Law LLP
    KPK Law LLP
  • Article

    Form T1135, Foreign Income Verification Statement

The CRA has announced that it has revised Form T1135, Foreign Income Verification Statement for the 2014 and later tax years.
CanadaTax
Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
  • Article

    Panama Papers Leak Searchable Database Released

    The database can be searched by country and when a hit is found it displays related records including other corporations and in some cases individual names.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    FATCA Compliance Form W-8BEN-E Instructions Released

    Form W-8BEN-E is a critical component of foreign entity compliance with the Foreign Account Taxpayer Compliance Act.
    CanadaTax
    Davies Ward Phillips & Vineberg LLP
    Davies Ward Phillips & Vineberg LLP
  • Article

    Offshore Tax Informant Program –Latest CRA Statistics

    The Offshore Tax Informant Program (OTIP) was originally announced in January 2014 under the name Stop International Tax Evasion program.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    Overseas Tax informant Program (OTIP) – Latest CRA Statistics

    The Offshore Tax Informant Program (OTIP) is the Canada Revenue Agency (CRA) confidential whistleblower program that was put in place in January 2014.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    CRA Expands EFT Tax Audits

    CRA has announced that it's increasing the number of international electronic funds transfers (EFT) tax audits that it will be conducting.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    CRA May Propose Radical Changes To The Voluntary Disclosure Program

    The current acceptance procedure does not require the taxpayer to pay any such amounts on filing and not doing so does not preclude the acceptance of the disclosure.
    CanadaTax
    Collins Barrow National Incorporated
    Collins Barrow National Incorporated
  • Article

    Investments Outside Of Canada? CRA’s Offshore Compliance Division Issues Letter To Select Taxpayers

    All Canadian resident taxpayers are required to file Form T1135 if at any time in the year the total cost amount to the taxpayer of certain foreign property was C$100,000 or more.
    CanadaTax
    Collins Barrow National Incorporated
    Collins Barrow National Incorporated
  • Article

    Summary Of Comments On Canadian FATCA legislation

    Canada and the U.S. executed a model 1 intergovernmental agreement which relieved Canadian financial institutions from many onerous obligations under FATCA.
    CanadaTax
    Moodys Private Client Law
    Moodys Private Client Law
  • Article

    "FBAR" Reporting Obligations For U.S. Executives Of Canadian Companies Sometimes Overlooked

    United States citizens and "green card" holders who live abroad have long been subject to U.S. tax reporting obligations.
    CanadaTax
    Torys
    Torys
  • Article

    2017 Federal Budget – International

    The ITA contains rules (the FAPI rules) that are intended to tax investment income earned by a "controlled foreign affiliate" of a Canadian taxpayer when it is earned...
    CanadaTax
    Crowe
    Crowe
  • Article

    Tax Evasion Canada Revenue Agency Executed Three Search Warrants

    The CRA emphasized that there are more tax evasion investigations to come while also setting out the serious consequences of tax evasion in Canada.
    CanadaTax
    KPK Law LLP
    KPK Law LLP
  • Article

    Urgent Advisory: Commence Voluntary Disclosures Before The End Of 2015

    Data from the Canada Revenue Agency ("CRA") confirms that voluntary disclosures ("VDs") of offshore assets, gains and income hit record levels in 2015.
    CanadaTax
    Gowling WLG
    Gowling WLG
  • Article

    IRS Significantly Improves Amnesty For U.S. Citizens Abroad

    The IRS has improved its programs that enable U.S. citizens living abroad to become compliant with their U.S. tax filing obligations.
    CanadaTax
    Davies Ward Phillips & Vineberg LLP
    Davies Ward Phillips & Vineberg LLP
  • Article

    Ultimate Beneficiary

    On April 8, 2016, a UK-Cayman Islands exchange of notes was signed regarding the sharing of beneficial ownership information.
    GlobalTax
    KPK Law LLP
    KPK Law LLP
  • Article

    FATCA In Canada: The Restriction On The Class Of Entities Subject To FATCA

    This article provides an introduction to the Foreign Account Tax Compliance Act for Canadians and analyzes Canada’s implementing legislation regarding FATCA.
    CanadaTax
    Moodys Private Client Law
    Moodys Private Client Law
  • Article

    OCAC Publishes Report On Voluntary Disclosure Program

    The Offshore Compliance Advisory Committee (OCAC) has published its report on the CRA's Voluntary Disclosure Program...
    CanadaTax
    Dentons Canada LLP
    Dentons Canada LLP
  • Article

    Volunteering To Pay Taxes? It Could Save You Money!

    Part II of this article will appear in the next Client Update Newsletter and will discuss other conditions for making a valid disclosure and how to participate in the VDP.
    CanadaTax
    WeirFoulds LLP
    WeirFoulds LLP
  • Showing 1–20 of 66 results

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