The federal government is losing an average of $22 billion a year in unpaid taxes, according to a new report from the Canada Revenue Agency that analyzed tax collection from 2014 to 2018.
In its first report on Canada's "overall tax gap" released Tuesday, the CRA estimates the net tax gap for those five years, or the amount of the money owed to the government that it did not actually collect, totalled as much as $111.2 billion.
Although the amount of uncollected tax trended upwards over that time, with estimates ranging up to $23.4 billion in 2018 and $23.5 billion in 2017, the ratio stayed steady each year at nine per cent of federal tax revenue overall.
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