Canada to criminalise ‘reckless’ advisers
Changes target professionals who intentionally or inadvertently facilitate tax evasion
Canada
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Financial sacrifices affecting Canadian women’s savings
Some 30% of women have ‘reduced or stopped’ saving as a consequence of childcare or eldercare responsibilities
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Canadians with flexible jobs fear retirement is out of reach
How can those with non-traditional careers save for their old age?
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Frozen pensions for expats ‘diminish quality of life’
93-year-old pension activist to present petition to Downing Street
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US court upholds IRS penalty on US expat demanding tax refund
A US court has dismissed a complaint by an American citizen residing in Canada who claimed to have paid an unconstitutional penalty for failing to file the fiscal documentation required for his offshore business.
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MSCI: UK worst performer in June
The UK was the worst performing single country index in June while Canada was the best, according to data by MSCI.
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Canadian taxman to net $9.6bn in evasion clampdown
The Canada Revenue Agency (CRA) is on track to capture more than C$13bn (£7.5bn, $9.6bn, €8.6bn) in taxes owed after committing “important resources” to crack down on tax cheats, both at home and abroad, the country’s taxman has confirmed.
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Canada vetoes best interest duty for financial ‘advisors’
Canada has abandoned plans to introduce regulation that would require people giving financial and investment advice to act in their client’s ‘best interest’.
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Singapore investors report N America property scheme to police
Five Singaporeans, including two people in their 70s, who invested in a company offering attractive returns on real estate investments in the US and Canada, have reported the company to the police.
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High hopes for marijuana ETF launch
A ‘Marijuana ETF’ has been launched to track the performance of firms producing or selling the drug, following a boom in its trade across Canada and the US.
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Canada Revenue Agency warns tax protesters after arrests
The Canada Revenue Agency (CRA) has issued a warning to residents using tax protester schemes to argue that they don’t need to pay tax after it executed three search warrants with the Royal Canadian Mounted Police.
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Canada taxman denies amnesty as more IoM schemes uncovered
The Canada Revenue Agency (CRA) has denied it is offering an amnesty to citizens using offshore company structures to avoid paying tax, adding that it is investigating a number of schemes it has uncovered on the Isle of Man.