Minister of National Revenue gives press conference on new offshore initiatives
On April 11, 2016, the Minister of National Revenue, Diane Lebouthillier gave a press conference on the government’s new initiatives to combat tax avoidance and evasion. The government has committed $444 million to these new programs, which include hiring more auditors and specialists to focus on aggressive tax planning and “high-risk” taxpayers. The government has also established the Offshore Compliance Advisory Committee, which will advise the Minister and the CRA on “additional administrative strategies for offshore compliance”.