Measures would allow CRA to ask Swiss for info about Canadian taxpayers suspected of hiding income
Transactions that bear two of three “hallmarks” will have to be reported under new regime
Tax agency keeps up the pressure
Gagné helped 152 investors evade more than $600,000 in income tax
All accounts linked to Canadian taxpayers will be reviewed
CRA has list of 1,800 accounts at HSBC Private Bank in Geneva
Canada is working to increase the flow of information with tax havens through tax information exchange agreements
Quebec man’s schemes enabled 152 taxpayers to avoid reporting a total of $3,292,050
Don’t treat the process lightly, tax advisor says
Cash funnelled into the hands of the promoters rather than charitable purposes, CRA says