The pursuit of tax evaders and avoiders is ramping up around the world. Canada has several new measures and programs to track offshore accounts, including new reports required from Canadian financial institutions
The agency has launched several ongoing audits and is pursuing criminal investigations in some cases stemming from revelations in the Panama Papers
With revamped enforcement powers and the international exchange of information, the CRA is ramping up to pursue impugned tax-motivated investments
The Common Reporting Standard will require firms to identify clients who are tax residents of foreign countries
The CRA has entered into more than a dozen contracts with whistleblowers under the Offshore Tax Informant Program in comparison with none at this point last year
The legislative proposals released on Friday would facilitate the automatic exchange of financial information between Canada and other countries
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
Former bankers plead guilty
Feds move forward to address tax evasion through the automatic exchange of tax information