Quote:
Originally Posted by CrazyMartin
Its not over. This is still good sollution for small sponsors, small payments. In modern world every account will be reported to your tax office! In Canada where paxum is registered. Every old card account with payments over 1200 per month is reported to owner country. Thats why they collect your bills to determine tax residency. So no mater card or wire. You will be reported. Dont use their cc to awoid taxes. Now this wont work! Send money to own account by wire etf and use your own card! And pay taxes.. cards are reported as well since 2018 in Canada.
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This ....
Good advice.
I give every payment receipt/ invoice to my accountant and she take care of the rest.
Not really worth it to try to hide from CRS they will catch up on you one day YOU DON'T EXPECT
even if you die your estate will be seize in no time
