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About How the CRA Tracks Your Money Outside Canada
Explore How the CRA Tracks Your Money Outside Canada with 34,339 views, 491 likes, and 85 comments. Experience the impact of this video content that has captured audience attention.
Blueprint Abroad (1st Module Free): https://blueprintfinancial.ca/abroad/ Work with us — Book a free discovery call: https://blueprintfinancial.ca/ Email: [email protected] A lot of Canadians ask me about offshore accounts, because the idea sounds simple. Open a bank account overseas, move some money there, invest it abroad, and maybe the CRA never sees it. But that could be a huge mistake. Cross-border tax is what we do all day at Blueprint, so let me walk you through how this actually works. In this video, I’ll show you how CRA can find your overseas money and tax you on it. Explore these links: Free guide — 7 CRA tax traps when leaving Canada: https://blueprintfinancial.ca/exit-canada-tax-guide-download/ Why So Many Canadians Abroad Still Pay Taxes to the CRA: https://youtu.be/3vjuauMhUh0 Blog Post: https://blueprintfinancial.ca/how-the-cra-tracks-your-money-outside-canada/ Chapters: 00:00 Introduction 00:24 The $431,000 Swiss Account 02:21 How Offshore Money Gets on CRA’s Radar 04:13 Offshore Tax Informant Program 05:54 Other Ways Offshore Money Gets Flagged 07:43 The Guy Who Beat CRA 08:59 This All Comes Down to Residency Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
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