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Blogs tagged with undeclared offshore holdings

Undeclared Offshore Holdings? Foreign Assets Becoming Easier to Find For the CRA

This past week, Canada signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information (MCAA), becoming part of a global coordinated effort to exchange financial account information efficiently and securely with other tax jurisdictions. Under the MCAA, foreign tax authorities will provide information to the Canada Revenue Agency…

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