Ottawa: Offshore Tax Evasion

offshore tax evasion: Canada and the United States signed an agreement Wednesday that paves the way for full implementation of a controversial U.S. crackdown on offshore tax evasion in 2015, according to Globe and Mail. Retirement and RRSPs Dual citizen? Its best not to ignore the tax rules Ottawa will start routinely sharing vast amounts of financial data about Americans living in Canada with U.S. tax authorities. Ottawa has long complained that the U.S. law the Foreign Account Tax Compliance Act might violate Canadian privacy laws and would impose undue hardship for the estimated one million Americans and dual citizens living here. More Related to this Story (www.immigrantscanada.com). As reported in the news.