The Canada Revenue Agency’s snitch line has received a vast number of tips about suspected tax cheating and tax fraud cases this year. According to a report in CBC, the CRA received around 32,157 leads regarding suspected domestic tax cases in the 2017-2018 financial year. The CRA receives a similar number of tips every year according to sources.
Money laundering is a growing problem in Canada, especially in Vancouver’s real estate market, according to several new studies. Recommendations by the C.D. Howe Institute and Transparency International point to lack of enforcement of existing rules and privacy regulations that allow hiding of the beneficiaries and owners of companies.