CRA, the Canadian tax authority, released new figures in 2016 indicating the number of voluntary disclosures (tax amnesty applications) for unreported offshore assets or income. Canadians are becoming aware that offshore bank secrecy is over, and foreign banks are reporting to tax authorities. The new Overseas Tax Informant Program (OTIP) is also now fully operational and generated over 1000 calls to CRA. Canadian taxpayers with unreported foreign assets or undeclared income are eligible for the voluntary disclosure program if they approach CRA before the tax authorities contact them.
To get relief from troubles related to your income tax or unprotected income consult with the veteran tax lawyers at Canadian Tax Amnesty. To learn more about us, visit our web site, or you can contact us by phone to retain our Toronto tax lawyer services. Here are the contact details.
2822 Danforth Avenue
Toronto, Ontario M4C 1M1
Email: [email protected]
Web Address: https://www.canadiantaxamnesty.ca/