84 King Street West, Suite 202, Dundas, Ontario, Canada L9H 1T9 Tel: 905-627-3037 Fax: 905-627-9868 E-mail:information@Canada-Relocate.com | Permanent Resident Card | New Tax Treaties |
AN ALARMING FORECAST FOR CANADIAN PERMANENT RESIDENTS LIVING OR WORKING ABROAD! PRACTICAL STEPS CANADIAN PERMANENT RESIDENTS SHOULD TAKE IMMEDIATELY. By David S. Lesperance Barrister & Solicitor - Over a decade of effecting tax plans for Individuals - Recognized expert in citizenship/residence planning for wealthy tax exiles
David Lesperance, Barrister & Solicitor is Chief Legal Counsel to Global Relocation Consultants S.A. (GRC), a consultancy that specializes in the integration of immigration and citizenship, offshore trusts and tax planning. GRC specializes in assisting individuals acquire residency and citizenship to fulfill tax or estate planning objectives and works closely with banking, accounting and related professionals on behalf of its clients.
When watching weather reports on television, the reporter will often forecast two or more distinct weather fronts that are expected to merge into one enormous storm. Likewise, two highly visible fronts are about to merge into a huge storm that could break directly over the heads of those Canadian Permanent Residents and their families who have lived or worked in the United Arab Emirates or Kuwait. Have you taken the necessary steps to ensure you and your family will be properly protected when these two fronts converge? If not, the heavy winds and rains that will surely fall may wash away your entire family's plans and dreams. If you are a Canadian Permanent Resident and have not made preparations to weather this storm, you do not have much time to shore up - never mind erect - your protective structure. Indeed, you may have just over a year to put your plan into action - not a long time when it comes to organizing your financial and legal affairs! Failure to plan will result in the certain loss of your prized permanent resident status in Canada and could also mean substantial financial loss and even possible criminal tax evasion sanctions by the end of next year. These two storm fronts are of a legal nature and they are about to impact your peaceful existence. The first is the introduction of the new Canadian Permanent Resident Card ("PR Card"). The second, the recently signed tax treaties between Canada and both the United Arab Emirates and Kuwait ("Tax Treaties"). The PR Card and Tax Treaties are both capable of affecting your immigration or tax status on their own. Those of you who have landed in Canada but who continue to work or live in the UAE or Kuwait (with or without your families) will find your otherwise comfortable existence seriously compromised by these two legal fronts when they are combined. Permanent Resident Card > | top |

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