CRA Offshore Tax Evasion Audits and Prosecutions Statistics June 2017
The Canada Revenue Agency (CRA) announced in June 2017 that it is currently conducting tax audits of over 820 taxpayers and criminally investigating 20 cases of tax evasion specifically linked to offshore accounts. Taxpayers who have not been investigated can still submit a CRA voluntary disclosure (VDP or tax amnesty) to avoid criminal tax evasion prosecution and civil tax penalties.
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