Trudeau defends Statistics Canada move to collect banking info of 500,000 Canadians.Conservative House Leader Candice Bergen grilled Trudeau during question period Monday following a report by Global News that revealed Statistics Canada is asking the country's nine largest banks for the transaction data of 500,000 randomly chosen Canadians, including everything from bill payments to cash withdrawals from ATMs to credit card payments, deposit and even account balances.StatCan has said it has the legal authority to do so even without informing Canadians or getting their consent in order to build a personal information data bank to analyze things like consumer trends and spending habits.With a long history of government privacy breaches, Canadians are rightly worried, Bergen said. Why are the Liberals collecting the personal data of Canadians without telling them?https://globalnews.ca/news/4608105/trudeau-defends-statistics-canada-move-to-collect-banking-info-of-500000-canadians/
IRS to end offshore voluntary disclosure program;
Taxpayers with undisclosed foreign assets urged to come forward now.
The Internal Revenue Service announced it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018
“Taxpayers have had several years to come into compliance with U.S. tax laws under this program,” said Acting IRS Commissioner David Kautter. “All along, we have been clear that we would close the program at the appropriate time, and we have reached that point. Those who still wish to come forward have time to do so.”
The programs have enabled U.S. taxpayers to voluntarily resolve past non-compliance related to unreported foreign financial assets and failure to file foreign information returns.
You have only 1 week to disclosed your foreign assets and save from huge non filing penalty.
What is the Last Day for Filing Canadian Income Tax?
April 30th is the deadline for filing your personal tax return. If you haven't filed 2017 taxes we are OPEN. Contact us at 905-847-6200.
if you miss the tax deadline. There will be Heavy Price of Late Tax Returns penalty. Lets file ON TIME!
