The Offshore Tax Informant Program offers rewards for information on people who are hiding offshore income or assets
Partly in response to the U.S.'s FATCA initiative to collect taxes from its citizens who live abroad, 60 other countries, including Canada, have signed on to the Common Reporting Standard, which creates an international tax-collection system
Most submissions under the OTIP have concerned individual taxpayers
By signing the MCAA, Canada will be able to exchange information with other jurisdictions “efficiently and securely”
Compliance efforts are expected to yield $629 million in tax revenue for the CRA during the next five years
Financial firms now have to report international electronic fund transfers of $10,000 or more
Between 2007 and 2014, the CRA convicted 35 participants in the protester movement
Two countries plan to work together to improve tax compliance and combat offshore tax evasion
The $175,586 fine represents the amount of federal taxes he was found to have evaded through various schemes
Agreement an effort to help fight offshore tax evasion and prevent double taxation