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There are a lot of people who consider themselves the average tax payer, that have the luxury of filing just a basic tax return. At the same time several of these individuals own property outside of Canada, as a second home perhaps, or maybe as an investment to help pad their nest egg when…
As tax time draws near no doubt you are giving your tax affairs some thought. This past year there has been a lot of emphasis on off shore accounts that were not being claimed and basically it centers around tax evasion. This has caused the CRA to update their T1135 form regarding foreign investments.…
As we are now in the tax season you really have to take a close look at your tax obligations and what is required of you. If you are involved in foreign investments then you need to be particularly diligent about reporting using the Form 1135, as the CRA will no doubt be closely…
Many individuals, over the years have taken to foreign investments as a way to pad their income for their retirement years. Lately with the big stir about tax evasion through off shore accounts it has caused the Canadian Government to scrutinize where tax payers are investing their money outside of the country and how it…
