Thread: Need some advice.. Made > $700,000 but still havent paid taxes (Canadian)
View Single Post
Old 07-31-2007, 11:53 AM  
Axeman
Confirmed User
 
Join Date: Feb 2004
Location: Swamp
Posts: 5,201
Quote:
Originally Posted by WiredGuy View Post
I know for a fact they will and they'll use these exchange rates on a month to month floating basis to figure out your exact net value: http://www.bankofcanada.ca/en/rates/...e_avg_pdf.html

WG
Yep so if the $700K is in US funds he is in a world of hurt to get things straightened out, but worth it in the end. Better than running for life and never wanting to come back to Canada to visit friends or family due to risking being caught.
__________________
XXXRewards - Karups - Boyfun - Jawked. Paying on time since 1997. Contact me at brent [at] xxxrewards.com
Axeman is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote