Dear CDs,

Recently, during my international visit, I came across interesting investment business opportunity. Can someone provide me details about following points?


1) Whether any Canadian financial institution or banks lend money for such
investment overseas.

2) What are tax implications on overseas investment income.


Thanks

Ecom

By and large most banks will not, still the information provided is not enough to judge the way the banks will call it.

Secondly as far as CRA is concerned it will be treated as world income and taxed accordingly. The income thus earned could be 'channeled' in such a way as to 'minimise'its tax effects. Everything is legal.