Offshore

Wolfson Law Professional Corporation
Barristers & Solicitors
2345 Yonge Street, Suite 912
Toronto, ON, Canada  M4P 2E5
Tel: 416.730.1640
Fax: 416.730.0599

EMAIL US
 

Offshore corporations may be useful in some circumstances but must be formed and maintained with care. Remember Revenue Canada (CRA) requires Canadian  residents to file reports in the following circumstances:

1.  ownership of more than $100,000 of foreign investment property;
2.  ownership of an interest in a foreign affiliate of a Canadian Corporation;
3.  transfer to a foreign trust or receipt of a distribution from a foreign trust.

Fintrac
The Financial Transactions & Report Analysis Centre of Canada

The Government of Canada requires that lawyers, accountants and financial  institutions (among others) keep records and report on suspicious and  proscribed transactions (e.g.. the transfer of $10,000 or more). The  reporting entity is prohibited from revealing to the client that a  report is being or has been filed.

For more information access the Fintrac website:Fintrac

You will not be considered a client of  our office until either  we receive a monetary & written retainer  from you, or we provide you with a written confirmation that you are  retained as a client.

Kenneth Wolfson, JD
Raquel Levine, B.Com.,JD
Kristine Holder BA, MA, LL.B.

Wolfson Law