11°c Overcast
16°c Isolated showers
Winnipeg Free Press - PRINT EDITION
Tax evaders beware, but no rogues please
Call it Crime Stoppers for tax evaders, a new program encouraging Canadians to snitch on people they know are avoiding taxes in Canada by shifting money out of the country. The Stop International Tax Evasion Program will pay rewards to people who tell the Canada Revenue Agency about such people, if it leads to the collection of outstanding taxes.
Finance Minister Jim Flaherty, who is counting on getting $4.4 billion from closing tax loopholes and going after international tax cheats during the next five years, said you won't get the money if you were part of the deal. "We will not pay anyone who was part of the deal," he said. "We're not looking for rogues to turn in other rogues."
The program could pay a reward of up to 15 per cent of the tax collected from the tip when the tax evasion includes foreign property or transactions conducted partially or entirely outside the country.
And of course, before you go spending those big bucks, prepare to hand over your share to the CRA yourself. The reward money is itself taxable.
How much will this net the federal government? Flaherty has no idea.
"We don't know how much evasion there is until we go after it," he said.
Republished from the Winnipeg Free Press print edition March 22, 2013 B4
More Canada
- Back to Top
- Return to Canada
More Canada
(1 of 12 articles for today)
Top court OK with judge who copied one side's submissions in ruling
9:28 AM 0OTTAWA - The Supreme Court of Canada has upheld a British Columbia judge who copied most of his ruling in ...
Poll
Most Popular Canada
- Abrupt departure for Mayor Rob Ford's chief of staff amid 'crack video' scandal
- Woman run over three times by her own car
- Charges laid against three in Canada Revenue Agency fraud investigation
- Second suspect in test drive killing charged with first-degree murder
- Could have accepted chief of staff's resignation sooner, Harper admits
- Duffy says he's won't quit Senate in first public comments since expense scandal
- Rob Ford's chief of staff out of office as 'crack video' scandal swirls
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Two men now facing first-degree murder charges in Tim Bosma test drive death
- Purse stolen from woman who died in Toronto subway station: police
- Prominent Canadians back petition to rename Victoria Day to honour aboriginals
- Two men now facing first-degree murder charges in Tim Bosma test drive death
- Mother cries, yells as driver appears in court charged with killing boy on patio
- Harper to be on hot seat at Tuesday caucus after chief of staff quits
- Abrupt departure for Mayor Rob Ford's chief of staff amid 'crack video' scandal
- Toronto mayor stays silent about alleged crack video as Trudeau, Wynne weigh in
- Baird takes the heat, Harper sheds little light on Senate spending scandal
- Woman run over three times by her own car
- Canadian and American missing for nearly two weeks in Mexico
- Purse stolen from woman who died in Toronto subway station: police
- First-degree murder charge to be laid in test drive death; remains badly burned
- Multiple fatalities after serious crash near U.S. border
- Canadian tourist dies after falling from hotel in Mexican resort
- Crack-cocaine video allegations 'ridiculous,' Toronto Mayor Rob Ford says
- Arrest made in case of Hamilton, Ont., man missing after pickup truck test drive
- Leaving Saskatoon: police mourn homeless drunk they considered a friend
- Prominent Canadians back petition to rename Victoria Day to honour aboriginals
- Man with no arms plans to fight seatbelt ticket, wants apology from police
- Two men now facing first-degree murder charges in Tim Bosma test drive death
- Mother cries, yells as driver appears in court charged with killing boy on patio
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Second suspect in test drive killing charged with first-degree murder
- Woman run over three times by her own car
- Abrupt departure for Mayor Rob Ford's chief of staff amid 'crack video' scandal
- Supreme Court won't hear immunity claim from former Quebec Lt.-Gov.
- Charges laid against three in Canada Revenue Agency fraud investigation
- CRTC hits Alberta's Wildrose Party with $90,000 fine for robocalls in 2011, 2012
- Prominent Canadians back petition to rename Victoria Day to honour aboriginals
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- Secret CSIS source, allied intelligence cited in high-profile terror case
- Canadian and American missing for nearly two weeks in Mexico
- Grade 5 kids urge Harper to drop mean attack ads against Justin Trudeau
- Harper government buying ads to promote job grant program that doesn't yet exist
- Toronto, eh? Late-night TV cracks up audiences with jibes at Mayor Rob Ford
- Second suspect in test drive killing charged with first-degree murder
- Woman run over three times by her own car
- Promising new way of fighting cancer
- U.S. bill would give Canadian snowbirds more time to spend in the sun
- 'Revenge of the redheads': Ginger-haired Montrealers gather in celebration
- Prominent Canadians back petition to rename Victoria Day to honour aboriginals
- Man with no arms plans to fight seatbelt ticket, wants apology from police
- Leaving Saskatoon: police mourn homeless drunk they considered a friend
- Commanding officer of Canadian Forces base in Alberta charged with sex assault
- Duffy bailout by Harper's chief of staff prompts allegations of coverup by PMO
- Ottawa threatens 'retaliatory measures' over new U.S. meat labelling regulations
- What's snot OK with eating your own boogers?
- Prince Philip presented with Order of Canada during royal visit to Toronto
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.