Tuesday, February 13, 2018

UNCOLLECTED BILLIONS IN CANADA'S TAX GAP

   After five years of stonewalling, the federal government will finally release the data necessary to calculate Canada’s tax gap — the uncollected billions that never make it into public coffers.
   The current Parliamentary Budget Officer (PBO), Jean-Denis Fréchette, said he has been given no indication the CRA would release the numbers.
  “It was a surprise,” Fréchette told the Star. “I’m excited about the announcement. It’s been five years. It’s been a long fight.”
   Fréchette is the third PBO to repeatedly ask the CRA for the raw statistical data to be able to calculate the tax gap — the difference between the amount of tax owed to Ottawa and what the federal government actually collects. It’s a number that could top $47 billion per year.


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