We hope you had an enjoyable summer in spite of market volatility which has reached unprecedented levels so far this year.

In this issue, Marnie Kinsley examines the changing role of the treasury in today’s business climate, while Dwarka Lakhan reviews the new Canada-U.S. Tax treaty, with specific reference to the elimination of the with-holding tax on most cross-border interest payments, which he argues could lead to an increase in fund flows between Canada and the US.

Wayne Bewick identifies some of the tax issues non-resident Cana-dians may face when living abroad and focuses on the option of being able to file a tax return in circumstances where it can result in an overall tax savings on certain Canadian source income even when it is not required to file a Canadian tax return.

Dwarka Lakhan asks the question: Will the sun rise or set on Japan, basing his analysis on varying predictions about the country’s eco-nomic fortunes.

Bruce McDougall reviews Ernst & Young's 10th global fraud survey which shows that corrupt practices prevail throughout the world and that companies doing business overseas need to exercise more vigilance.

We remain committed to bringing Canadians living abroad and those who are planning to relocate the highest quality news, views and developments that may have a direct impact on their lives and well being – all at the click of a mouse.

We would like to thank you for your ongoing support and feedback, without which this magazine would not have been possible.

We sincerely hope that you enjoy this issue. Should you wish to Contact us please send an email to info@cramagazine.com.

Dax Sukhraj
Publisher