A widow lost both her capital and its tax-sheltered status after investing in a dubious scheme
Tax accountants and lawyers could be the subject of heightened scrutiny from the Canada Revenue Agency (CRA), as the tax authority joins its global peers in attempting to clamp down on aggressive tax avoidance and offshore tax evasion. Language used in recent federal government statements regarding tax evasion and aggressive tax avoidance “may indicate a […]
The agency says it will review all foreign electronic fund transfers over $10,000 involving the Isle of Man
Trudeau calls for global co-operation to crack down on offshore tax evasion
Leaked documents reportedly show the offshore dealings of more than 100 politicians and public figures from multiple countries
Most submissions under the OTIP have concerned individual taxpayers
Compliance efforts are expected to yield $629 million in tax revenue for the CRA during the next five years
Lawyer had sought access to records from the Ontario Ministry of Finance after it revised tax laws to eliminate the loophole for tax haven corporations
The use of 10 offshore tax havens by Canadian firms and individuals rose to $170 billion last year
Data exposing cases of potential tax evasion and aggressive tax avoidance obtained from other government