Baloney Meter: How much is the government going to collect from tax cheats?
Source: CBC News
There are two certainties in life, and one of them the government doesn’t want you cheating on.
The depth of Canada’s tax evasion and avoidance problem erupted in overwhelming detail last week with the release of a trove of documents about offshore accounts and trusts, dubbed the Paradise Papers, that delivered a broadside to the prime minister’s oft-repeated mantra of creating a fairer tax system for the middle class and its hard-working aspirants.
Trudeau responded with a haymaker of his own: The government had identified and was on track to collect $25 billion in unpaid taxes over the last two years. His intended message was clear: Canada won’t turn a blind eye to those who cheat on — or otherwise go to extreme lengths to avoid paying — their taxes.
But did the government cheat on its numbers?