Tax Havens: Income Tax Special Report

Andrew Rogerson Dept: Andrew Rogerson believes people have a somewhat romanticized, but outdated, perception of tax havens. "A lot of this stuff is sensationalized," says the Toronto-based lawyer who specializes in offshore trusts. Income tax Special report: How to make the most of your tax return What you need to know to keep more of your hard-earned dollars in your pocket, according to CBC. He goes on to note there is "no law against having an offshore bank account. There's nothing sinful in it." The search for ways to minimize the tax man's bite and maximize refunds at this time of year can lead to curiosity about tax havens. Offshore accounts are legal, but their usefulness as shelters is mainly shrouded in myth for the majority of Canadian taxpayers, at least. "The public perception of tax havens, I think, is more or less from John Grisham novels the Cayman Islands and that sort of thing." (www.immigrantscanada.com). As reported in the news.