All accounts linked to Canadian taxpayers will be reviewed
CRA has list of 1,800 accounts at HSBC Private Bank in Geneva
Canada is working to increase the flow of information with tax havens through tax information exchange agreements
Quebec man’s schemes enabled 152 taxpayers to avoid reporting a total of $3,292,050
Don’t treat the process lightly, tax advisor says
Cash funnelled into the hands of the promoters rather than charitable purposes, CRA says
Rules would help CRA identify instances of aggressive tax planning
Groups operated to promote tax-shelter arrangements, agency alleges
The CRA’s two recent campaigns are part of a larger pattern of the agency becoming much more active in applying tax laws
Dozens of audits involving tax preparers and promoters are underway