Why You Need An Offshore Trust If You Are Getting Married
If you are a high net worth person who is about to get married, you should consider transferring your assets to an Offshore Asset Protection Trust to protect your assets in the event of a divorce. Thank you again for your assistance. You were systematic, yet precise, understanding, attentive, and more adjectives than we can...
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Bare Trusts Exempt From 2023 Filing Requirements
The CRA has announced that bare trusts are not required to file a 2023 T3 return, unless the CRA requests it. Norman is an outstanding lawyer in the fields of Tax Law and Employer Relations. He has demonstrated his legal acumen, diligence, and professionalism on many occasions that ultimately resulted in my favour. This includes...
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Beware of Professional Plaintiffs
I recently got retained to defend what appeared to me to be a bogus Statement of Claim. By bogus, I mean it had little to no chance of success. The plaintiff had issued the claim himself and was unrepresented by a lawyer. If you ‘ve transferred your assets to an Offshore Asset Protection Trust, then...
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Why So Many Canadians Are Establishing Offshore Trusts in the Cook Islands
A few days ago, I had a meeting with one of my Trustee companies that I use in the Cook Islands to set up Offshore Asset Protection Trusts for my clients, and they asked me why they were getting such a huge increase in business from Canadians. Apparently more and more Canadians are establishing Offshore...
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Will an Offshore Trust Reduce My Tax Liability?
People often ask me if they will be able to reduce their income tax liability by establishing an Offshore Trust. The short answer is, “NO”, so long as they are resident in Canada Thank you again for your assistance. You were systematic, yet precise, understanding, attentive, and more adjectives than we can find to thank...
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What if a Canadian Court orders me to bring my money home to pay creditors?
So you’ve set up an Offshore Asset Protection Trust in the Cook Islands and transferred all of your liquid assets to the Trust. A creditor (let’s say the Canada Revenue Agency) brings an application in a Canadian court to have the trust declared invalid and the transfer of assets set aside on the basis that...
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