Description: The Canada Revenue Agency (CRA) is on the trail in British Columbia, trying to pursue millions in unpaid taxes. A court document indicates that an initial audit shows up to $17 million in unreported income may have been hidden by a Canadian company using offshore firms in the Caribbean and Hong Kong. This may be an example of the Canadian government’s announced intent to spend an additional $444 million on finding tax evasion and tax avoidance.
Date: January 13, 2017
Source: theglobeandmail.com
Discussion Points:
1) What interested you most about this story?
2) What strategies might the government use to encourage tax compliance?
3) As someone training to be an accountant, have you ever thought about a career with the CRA?
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