Paradise Papers: CRA vows to crack down on offshore tax evasion by wealthy Canadians

Source: The Canadian Press, November 5, 2017 

OTTAWA – The Canada Revenue Agency says it won’t hesitate to investigate new evidence of offshore tax evasion in the wake of a second massive leak of tax haven financial records.

The leak of some 13.4 million records, dubbed the Paradise Papers, lifts another veil on the often murky ways in which the wealthy – including more than 3,000 Canadian individuals and entities – stash their money in offshore accounts to avoid paying taxes.

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Image Source: THE CANADIAN PRESS/Sean Kilpatrick

 

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