OVDP: A better but not perfect offshore disclosure option

(contributed by Brad Flecke, CFP®)

The new Offshore Voluntary Disclosure Program is a substantial improvement over the 2011 Offshore Disclosure Initiative. In creating new opportunities, however, OVDP raises at least two new legal issues that a taxpayer may wish to discuss with an attorney before electing to participate in the program. Even for those taxpayers who probably owe little or no tax, OVDP is not a quick fix.  

For details, see the full post on my personal blog: BORDERS.

Tagged with: , ,
Posted in Cross-Border Blog
Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.

Crossing the Border?
Get Updates from Us