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  Canada Immigration Forum > About Canada > Accounting and Taxation > Gotcha by CRA
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Gotcha by CRA




Finally they got them by their 'you know what' !

“(The Panama Papers) allows us to showcase how the CRA has changed,” Gallivan said. “There’s a bit of a paradigm shift for us: no voluntary disclosures and a lot more criminal investigations. That reflects a shift to more severe consequences for people who are participating in aggressive tax avoidance or tax evasion.”

From now on, the CRA will also fingerprint anyone charged with tax evasion, which could affect their ability to travel abroad.

“It’s about more than revenue,” said Gallivan. “It sends the message that it’s not just tax evasion, it’s not just white collar crime, it’s a serious criminal offence and it comes with serious criminal consequences.”

Internationally, Canada has long been considered lax on white collar crime, with few prosecutions and prison sentences measured in months, not years. But after the Panama Papers were made public last April, the new Liberal government quickly announced a nearly $500-million investment in the CRA to bolster tax enforcement.

Do they serve steak and wine in the cells? Mmmm.. Any family visits too??

FH.

https://www.thestar.com/news/canada/2017/03/20/panama-papers-have-helped-fuel-a-more-aggressive-cra.html


 
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Post ID: 234320 20-03-17 14:01:11
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