Have Foreign Bank Accounts? CRA Can Reassess You for Years – And It Could Cost You Big
If you have foreign bank accounts, beware: CRA can reassess you for years and impose hefty penalties. In the case of Azmayesh-Fard v. The King, a taxpayer faced massive fines for not reporting a Swiss account. Protect yourself by reporting all foreign assets to avoid financial nightmares.
Have Foreign Bank Accounts? CRA Can Reassess You for Years – And It Could Cost You Big Read More »