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 income tax collected. For those Canadian taxpayers who have unreported offshore income or assets, they can use a Canadian tax lawyer to file a voluntary disclosure before they are exposed.Read more
Disclaimer:
"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."
