As a Canadian tax resident, there are specific forms and declarations that you must file with the Canada Revenue Agency (CRA) to report your income and assets. One such form is the Canada Form 4031, also known as a Report of Foreign Bank and Financial Accounts (FBAR). This form requires taxpayers to disclose any foreign bank accounts and other financial interests held outside of Canada. Failing to file a completed Form 4031 can result in steep penalties, so it's important to understand the requirements of this declaration and ensure that you're compliant. In this blog post, we'll provide an overview of the Canada Form 4031 and explain how to complete it correctly. Stay tuned for more CRA-related content!
| Question | Answer |
|---|---|
| Form Name | Canada Form 4031 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | Industrie, liabilities, registries, NFP |
Industry Industrie
Canada Canada
Canada
Form 4031
Articles of Continuance (transition)
To be used only for a continuance from the Canada Corporations Act, Part II.
1
Current name of the corporation
2If a change of name is requested, indicate proposed corporate name
3 |
Corporation number |
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4 |
The province or territory in Canada where the registered office is situated |
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5Minimum and maximum number of directors (for a fixed number, indicate the same number in both boxes)
Minimum number |
Maximum number |
6
Statement of the purpose of the corporation
7
Restrictions on the activities that the corporation may carry on, if any
4031 |
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Form 4031
Articles of Continuance (transition)
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The classes, or regional or other groups, of members that the corporation is authorized to establish
Statement regarding the distribution of property remaining on liquidation
Additional provisions, if any
Declaration
I hereby certify that I am a director or an authorized officer of the corporation continuing into the NFP Act.
Signature
Print name
Phone number ( |
) |
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Note: A person who makes, or assists in making, a false or misleading statement is guilty of an offence and liable on summary conviction to a fine of not more than $5,000 or to imprisonment for a term of not more than six months or to both (subsection 262(2) of the NFP Act).
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