By signing the MCAA, Canada will be able to exchange information with other jurisdictions “efficiently and securely”
Compliance efforts are expected to yield $629 million in tax revenue for the CRA during the next five years
Financial firms now have to report international electronic fund transfers of $10,000 or more
Between 2007 and 2014, the CRA convicted 35 participants in the protester movement
Two countries plan to work together to improve tax compliance and combat offshore tax evasion
The $175,586 fine represents the amount of federal taxes he was found to have evaded through various schemes
Agreement an effort to help fight offshore tax evasion and prevent double taxation
Bank agrees to pay $2.6 billion
Banker admits to helping U.S. citizens evade taxes between 1997 and 2011
CANADIAN FINANCIAL SERVICES INSTItutions are likely to be dealing with a new global financial information-sharing compliance regime as early as next year, as governments continue to target offshore tax evasion. Last year, the Organization for Economic Co-operation and Development (OECD), at the request of the G8 group of nations, outlined a plan to implement a […]