Best Business Consultants in Okotoks, AB

Here's a typical voluntary disclosure scenario: Joe called and made an appointment to come to our office for a free consultation. The appointment was set up for the next day. Joe explained that he had inherited some money that was in the United Kingdom. The amount of the money invested was over $100,000 CAD.  He was living in Canada and should have been reporting his world income on his Canadian tax return. Joe should have also filed T1135s, Foreign Income Verification Statements, because he had foreign property in excess of $100,000 CAD.  Joe provided our firm with all of his investment statements from the day that he inherited the funds. We determined the amount of interest, dividends and capital gains that he received each year. We processed all the needed documents to be submitted to the CRA and now Joe sleeps better - without having to think about CRA actions against him.