CRA deploys new weapons against tax evasion: Freezing assets, seizing property
Source: CBC News
Author: Elizabeth Thompson
The Canada Revenue Agency is using a new tool in its battle against tax evasion — one that experts say could radically change the way it pursues tax cheats.
For the first time, the agency has used proceeds-of-crime provisions in the law to freeze the assets of individuals charged with tax evasion.
Up to now, those provisions have been used only in cases involving suspected terrorist financing or money laundering.
“That is a tool that we have not used in the past,” said Stéphane Bonin of CRA’s criminal investigations division.