Province creates team to combat “Ontario shuffle” and “Quebec truffle”
Among the items the CRA wants to scrutinize carefully are RRSP contributions and charitable donations
Companies given transition period of almost five years to comply
Flaherty tables motion in Commons
Agency currently auditing many gifting arrangements
Investors purchased high-yield, offshore investments using allegedly tax free cash or proceeds from withdrawals of retirement funds
Tax shelter number no guarantee that taxpayers will receive proposed benefits
Revenue Minister announces the creation of 11 centres of expertise
Eightfold increase between 1990 and 2003
Proposed changes effective throughout the 2004 tax year, CRA says