Recent content by CanadaOffshore93

Hey everyone, After studying AEOI (FATCA and CRS), I've started wondering about the use of nominess to circumvent CRS/FATCA reporting. I am sure that both regimes contain elements dealing with the use of nominess, but I am not convinced that the use of nominess to avoid CRS reporting can be...

Anyone? Is the mentor group the place to go for these materials?

Hey guys, I read awhile back that a good way to learn more about the offshore world is to read offshore magazines and publications. Granted what I was reading was fairly dated... Are offshore magazines and publications still a thing? if so, can anyone recommend any? Perhaps other websites...

Related question: Wouldn't Canadian LPs have reporting obligation per the CRS? Or is it only the general partner that has to report? The limited partner(s) get to stay behind the scenes?

Interesting. I have read about limited partnerships being used to purchase real estate anonymously, but not what you describe. Can you or anyone else elaborate on Canadian Limited Partnerships more? Why would a person in a territorial tax jurisdiction be interested in a Canadian LP when they...

I am not thinking of committing fraud. I am simply exploring ways that one can get around the CRS. Is there really such a difference between proxy residency and a sufficiently disguised entity? One is lying is both instances. Very, very interesting. Thanks for this! So are you saying that...

Would just like to clarify. I am not doing a 'research piece.' I am just trying to learn more about the offshore world for my own benefit and potentially the benefit of others. Thank you.

Thanks for this!

Hey all, After scanning through the threads, I've noticed that Canadian Limited Partnerships (LPs) with Canadian bank accounts are in fairly high demand. As a Canadian, this interests me... Why is this the case? I've heard some mention Canada as a secrecy haven. I really cannot see how this...

Sorry for that. I should have made clear I am referring to shell corporations. When asked the corporation can just say that it is owned by the other corporation, which is then owned by the trust, etc. My question still stands: what is the bank going to do if presented with sufficient...

I still fail to see how any system of AEOI can be comprehensive enough to counter disguised entities. I am still studying and learning about this subject matter, but something tells me that the CRS is ineffective when confronted with sufficient complexity. If the bank is presented with a...

Even outside of changing residency/proxy residency, it seems that the CRS has its flaws. The most interesting thing I've read about concerns trust structures as self-reportable entities. I was reading that many of these entities just misinform authorities of their ultimate beneficial ownership...

Hey all I'd like to start a discussion on the true effectiveness of AEOI/CRS. While at first blush the CRS seems like its a total roadblock to stashing assets offshore, I think the reality is quite different. Per my research, there seems to be many ways one can avoid CRS reporting (i.e...

Thank you so much for this! I have not heard of ADIT before, so this helps a lot. Have you heard of STEP -- Society of Trust and Estate Practitioners? Are they a useful source for offshore knowledge?

I am interested in potentially advising people on these topics. I'm currently a law student in Canada. I've taken Tax, International Tax, Corporations, etc. but, in my experience, offshore knowledge is fairly niche and not easy to find.