Category: Voluntary Disclosures

Federal Budget 2021 – New rules Mean More Information Being Disclosed and Potentially More Enforcement

Published by Thorsteinssons LLP

Authored by:  Greg DelBigio, Q.C. and Morgan Watchorn

In Budget 2021, the federal government proposes to provide the Canada Revenue Agency (the “CRA”) with $230 million over five years as part of an ongoing focus on enforcing civil liabilities…

What a U.S. Deferred Prosecution Against a Swiss Bank Might Mean for Some Canadian Taxpayers: Is it Too Late for Voluntary Disclosure?

Published by Greg DelBigio, Q.C.

In February, the United States Department of Justice entered into a deferred prosecution agreement with Swiss bank, Rahn and Bodmer (R+B). The agreement refers to the criminal charge that R+B conspired with others to defraud the IRS, to file false…

Budget 2019: Intensifying the fight against tax evasion and new risks for tax professionals

Published by Greg DelBigio, Q.C. & Jennifer Flood

In Budget 2019, the federal government continues to bolster its tools and resources to detect and prosecute tax evasion and money laundering. These proposals are relevant both to those who do not pay the amount of tax the law requires,…