How we help
- T1135 Foreign Income Verification analysis
- Common Reporting Standard exposure assessment
- Disclosure of foreign trusts, partnerships, and PFICs
- Coordination with cross-border accountants
CANADA'S TAX & BUSINESS LAWYERS
Avoid Problems on Unreported Offshore Income! We Can Help
We've got you covered!
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We Have Helped Hundreds of Canadians Sort Their Offshore Income Tax
01.
Keep the Auditors at Bay.
02.
Handle the Auditor so You Don't Have to.
03.
Conduct the Audit in Our Office.
04.
Help Prevent Legal Issues Against Undeclared Offshore Income
Unreported Offshore Income
Did you know that all Canadian Residents must report all worldwide income to the CRA.?
The CRA currently has the Offshore Tax Informant Program for informants to provide information to the CRA about international tax evasion and aggressive tax avoidance. This program even allowed financial rewards to informants.
If you have offshore income from rental property or foreign pension income that has not been reported to the CRA, these could lead to tax issues.
Book a Consultation with a Lawyer
Unreported Offshore Income
Did you know that all Canadian Residents must report all worldwide income to the CRA.?
The CRA currently has the Offshore Tax Informant Program for informants to provide information to the CRA about international tax evasion and aggressive tax avoidance. This program even allowed financial rewards to informants.
If you have offshore income from rental property or foreign pension income that has not been reported to the CRA, these could lead to tax issues.
Book a Consultation with a Lawyer
Avoid Legal Issues from Undeclared Offshore Income
CALL US TODAY 1-877-882-9829
What to expect when you call us
Your first call is a free, no-obligation consultation with a tax lawyer. We will review the details of your situation, explain your options under the Income Tax Act and CRA administrative practice, and give you a clear, fixed-fee quote if you choose to retain us. Your consultation is confidential, and once we are retained, communications are protected by solicitor–client privilege.
If you retain us, we begin work within 24 hours of being retained.
Frequently asked questions
Am I eligible for the Voluntary Disclosures Program?
Generally yes, as long as the CRA has not yet contacted you about the matter you wish to disclose, the disclosure is voluntary, complete, and at least one year overdue, and involves a penalty.
What happens if I do not disclose voluntarily?
If the CRA discovers the issue first, you face gross-negligence penalties (up to 50% of the tax owing), full interest, and potential criminal prosecution for tax evasion under section 239 of the Income Tax Act.
How long does a VDP submission take?
Drafting takes 2–6 weeks for most cases. CRA review typically takes 6–18 months. Interest continues to accrue until the file closes, but penalties and prosecution are off the table once you have an acknowledgement letter.