Tag Archives: foreign income

Unreported Foreign Income to the CRA: CRA’s Target

The tax collector is the same no matter which country you live in. They will leave no stone unturned when going after a delinquent tax payer. That’s why people with unreported foreign income to the CRA must be aware of the CRA’s new methods of getting to them.  The Canada Revenue Agency has maximized enforcement » Read More

The problems with unreported foreign income for Canadians

Owning foreign property is not a bad thing here in Canada. The problem will only arise if there is a property that the Canada Revenue Agency does not know about and there is problem of unreported foreign income. There is an automatic penalty on a taxpayer that fails to file returns of their overseas property » Read More