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Describe any foreign investment reporting obligations

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Problem 1: During 2018, Sarah Blaine, a long-time Canadian resident, has a German bank account with a balance of 150,000. In addition, she has made a five year interest free loan of 160,000 to her parents who still reside in Germany. There is no formal agreement supporting this loan.

Question 1: Describe any foreign investment reporting obligations that Sarah has for 2018. Assume that, during 2018, 1 Euro = $1.25 Canadian.

Reference no: EM132469437

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