The Canada Revenue Agency (CRA) has identified more than $76 million in taxes owed by Canadians named in the Panama and Paradise Papers leaks of offshore accounts. But the agency can't — or won't — say whether it has collected a cent of it.
A year after the massive leak of the Pandora Papers — which led to investigations and legislative changes in several countries around the world — the CRA says its "compliance action" is still in progress and it can't say how many, if any, Canadians named in the papers are being audited or investigated.
Opposition critics say the new information shows the CRA needs to do a better job of cracking down on tax evasion and tax avoidance by wealthy Canadians.
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