Bill Detail
An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax)
This enactment amends the Canada Revenue Agency Act to require the Canada Revenue Agency to list all convictions for tax evasion — including international tax evasion — in the annual report it submits to the Minister of National Revenue. It also requires the Agency, once every three years, to include statistics on the tax gap in the annual report. In addition, this enactment specifies that the Minister is to provide the Parliamentary Budget Officer with data on the tax gap.
Bill S-217, also known as the Fairness for All Canadian Taxpayers Act, aims to increase transparency and accountability in how the Canada Revenue Agency (CRA) addresses tax evasion. It requires the CRA to publicly report all convictions for tax evasion, including international cases, in its annual report. Additionally, the bill mandates that the CRA include statistics on the "tax gap" – the difference between taxes owed and taxes collected – every three years. This information will also be shared with the Parliamentary Budget Officer for further analysis.