Canada

Canada: As usual with financial matters on the radio, the summary was quite misleading, reminding me it's good to periodically review the rules to keep everyone on track. , according to Winnipeg Free Press. First, let's review who has to pay taxes in Canada. Anyone who is a resident of Canada for tax purposes must pay tax on his or her worldwide income. Twice in the last week I've heard radio reports on financial issues dealing with offshore accounts and "hiding" money from the tax man. So, today we will talk about Canadian rules on tax residency, what may really be going on with foreign bank and investment accounts, and the steps you need to take to legally pay no more Canadian tax. (www.immigrantscanada.com). As reported in the news.