By 2018, over 100 OECD member countries, including Switzerland, had signed Automatic Exchange of Information (“AEOI”) treaties which essentially requires that the account information of
How to Structure an Offshore Asset Protection Plan for Canadians
A typical offshore asset protection plan has three things: 1) A limited liability company; 2) A bank account in the company name;and 3) An offshore
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Antigua and Barbuda’s Citizenship by Investment Program
If you’re looking to get a second passport as part of your “exit plan” in case you want or need to leave your home country,
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How to save taxes by moving your business offshore
Canada is generally considered a high tax jurisdiction. It is ranked # 25 in the world for highest taxes which is higher than the United
6 Reasons why you should consider Belize for establishing an Asset Protection Trust
Belize is a country located in Central America bordered by Mexico to the north, Guatemala to the west, and the Caribbean Sea to the east.
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Will an offshore trust protect my property in Canada ?
An offshore Asset Protection Trust is an effective shield for protecting your assets from lawsuits, creditors and the Canada Revenue Agency. But are they effective
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6 Reasons Why You Should Consider the Cook Islands for an Asset Protection Trust
If you’re looking to protect your assets from lawsuits or creditors, the Cook Islands is one of the most “defendant friendly” places to set up
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Why have an Offshore Asset Protection Trust?
Canada and the US are highly litigious countries. Certain professions are in a high risk of being sued such as doctors, dentists, lawyers, directors of
Court Rules Profits from Day Trading in a TFSA are Taxable
In the recent case of Canadian Western Trust Company as Trustee of the Fareed Ahamed TFSA v. The King ,the Tax Court of Canada ruled
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CRA auditors now have extended powers
The Canada Revenue Agency (the “CRA”) has wide audit powers set out in the Income Tax Act (the “ITA”). They can request a taxpayer to