- KPMG in Canada survey reveals need to clarify, enhance and speed up delivery of incentives to achieve net-zero economy -
Ahead of this year s federal budget
In 2010, Canada Revenue Agency auditors unearthed a scheme they called a “sham” that ultra-rich Canadians were using to dodge taxes. But previously unreported court records obtained by CBC’s The Fifth Estate and Radio-Canada’s Enquête show it didn't stop then. Some taxpayers continued to exploit the tax dodge for several years without officials realizing.
For years, ultra-wealthy Canadians have been setting up offshore shell companies in the Isle of Man so they can dodge taxes back home. Now, MPs on the House of Commons finance committee appear ready to try to dismantle the shield of secrecy surrounding those companies.