New requirements announced for Canadians with offshore property and income
On 25 June 2013, the Minister of National Revenue and the Minister for the Atlantic Opportunities Agency (the Minister) announced the launch of a strengthened Foreign Income Verification Statement (Form T1135), one of the Economic Action Plan 2013 measures to crack down on international tax evasion and aggressive tax avoidance. Starting with the 2013 taxation year, Canadians who hold foreign prope…
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