First Session, Forty-fourth Parliament, 70-71 Elizabeth II – 1 Charles III, 2021-2022-2023 |
SENATE OF CANADA |
An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax)
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FIRST READING, March 29, 2023
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THE HONOURABLE SENATOR DOWNE |
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 data on the tax gap to the Parliamentary Budget Officer.
Available on the Senate of Canada website at the following address: www.sencanada.ca/en |
1st Session, 44th Parliament, 70-71 Elizabeth II – 1 Charles III, 2021-2022-2023 |
SENATE OF CANADA |
BILL S-258 |
An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax) |
His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada enacts as follows:
1 This Act may be cited as the Fairness for All Canadian Taxpayers Act (measuring the tax gap to fight international tax evasion).
1999, c. 17
(c.1) a detailed list of all convictions for tax evasion, including a separate list for international tax evasion;
End of inserted block(a) the value of reassessments as a result of the audits of income tax returns of taxpayers, including individuals, corporations and trusts, in respect of their relevant sources of income, including employment, capital gains, dividends and interest;
(b) the possibility of collecting additional revenue resulting from such reassessments;
(c) the rate, established through audits, of incorrect income tax returns that were not detected before assessment; and
(d) uncollected tax resulting from the non-compliance of a reporting entity with the requirement to report specified foreign property under section 233.3 of the Income Tax Act.
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Published under authority of the Senate of Canada
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(2) The annual report must include
. . .