Jun 21, 2016

Congratulations to WeirFoulds Women and Frank Walwyn, Recipients of 2016 Lexpert® Zenith Awards Celebrating Diversity and Inclusion

WeirFoulds is delighted to announce that the WeirFoulds Women (WFW) initiative and our esteemed colleague Frank Walwyn were both selected as 2016 Lexpert® Zenith Awards winners. This year’s Zenith Awards celebrate those who have demonstrated excellence, action and thought leadership in ways that have advanced diversity and inclusion in the legal profession and in society at large.

May 11, 2016

Panama Papers and Offshore Accounts: Window of Opportunity to Make a Voluntary Disclosure Closing

Canadian residents are required to report worldwide income. Furthermore, Canadian residents are generally required to annually file a special information return for any year that they held, at any time in that year, “specified foreign property” that had a cost exceeding $100,000. A failure to report such income or file any such return makes the Canadian resident liable to significant penalties (for which interest accrues daily) and potentially open to criminal prosecution.