The federal government talks tough on overseas tax evasion, saying it is a high priority and it will catch you if you cheat. But the Canada Revenue Agency (CRA) has a terrible track record of collecting from Canadians hiding their money overseas. It’s not catching, charging or convicting tax cheats the way other countries are able to.
Why the federal government allows this state of affairs to continue year after year remains a mystery.
But the CRA has a history of making false or misleading statements about its efforts, and its latest move seems designed to further block progress.
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