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Published: July 3, 2020

Last Updated: March 31, 2021

“Offshore bank accounts, notably but not exclusively in Switzerland, were a common feature of tax evasion until the fairly recent push by the US Department of Justice and by some European tax authorities to hold Swiss banks accountable for aiding and abetting tax fraud,” says Toronto-based tax lawyer David Rotfleisch. “The use of Swiss bank accounts by Canadian taxpayers to evade Canadian tax liabilities is a known and documented phenomenon.”


"This article provides 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."

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