February 3, 2019

Better data and approaches help the Canada Revenue Agency identify Canadians trying to hide …

Thanks to new approaches, new tools, and better data, Canada can better identify and take action against Canadians who evade taxes and use aggressive tax avoidance. With the introduction of the Common Reporting standards in 2017, the CRA now has access to greater information on Canadian’s overseas financial accounts. There are more than 100 jurisdictions and 80 partners, who share information on each other’s citizens, to help taxpayers to comply with their obligations. The CRA has also been a leader in creating a joint international tax force consisting of several countries cooperating to find and pursue tax evaders.

“Canada continues to be a leader in international collaboration as a member of the expanded Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC).”

Read more: https://www.newswire.ca/news-releases/better-data-and-approaches-help-the-canada-revenue-agency-identify-canadians-trying-to-hide-their-assets-overseas-700422892.html

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