The CRA is cracking down on tax evasion
Canadians get upset when they think the wealthy get special tax treatment. Getting special treatment is changing. As part of the government’s plan to clampdown on people who intentionally avoid paying taxes, the Canada Revenue Agency is revising the Voluntary Disclosures Program (VDP). Under the old program, non-compliant taxpayers could come clean to the CRA […]
Lots of news about money
It seems a lot of news lately has to do with the almighty dollar. During the summer, Federal Finance Minister Bill Morneau introduced a number of proposed tax changes that affected small business owners. There was a ground swell of opposition and suddenly a relatively young Liberal government was in damage control. Philosophically, we all […]
The Panama Papers scandal more intriguing than a Grisham novel
New evidence of tax evasion is exposing the rich and famous from Canada and around the world. The Panama Papers scandal has more intrigue than a Grisham novel. A computer hacker downloaded 11.5 million confidential files from a Panama law firm that specializes in setting up tax havens for wealthy global clients. Among those named […]