personal finances

[lunfardo]

regardless of how someone immigrates to canada as a lawfully admitted permanent resident, whether itd be skilled worker, family sponsorship, ect....... whether it was before or right after immediately someone obtained their pr card, will the canadian government investigate individuals to see if they have offshore bank accounts? will the canadian government investigate that individual prior to giving them a pr card or right after issuing them one? or would this only apply after someone has been living in canada as a pr card holder for a while? if someone has offshore bank accounts prior to immigrating to canada, how would the canadian government find out about them? how does this all add up? if someone has offshore bank accounts with their old address of the country where they were living at and didnt notify the bank that they were moving to canada, would the canadian government investigate this or not? can someone please tell me. rsvp. thank you.

 

[mf4361]

This has nothing to do with residence status, the CRA could investigate on any offshore accounts for possible tax evasion (a serious offense, although the government seems to be complacent about it), but having an bank account outside Canada on its own is legal. Being convicted in serious crime could lead to revoke of PR upon trail in court, but not sure if it's common for white collar crime.

In practical sense, unless you are evading millions in tax and causing hundreds of thousands in loss of government revenue, they are not likely to spend much time and money on you other than the CRA chasing after you.