Canada moves to criminalise 'reckless' behaviour by advisers

Pedro Gonçalves
clock • 2 min read

The Canadian federal government is pushing to criminalise 'recklessness' from tax professionals as it continues to bolster its tools and resources to detect and prosecute tax evasion and money laundering. According to the 2019 budget, Canada is "cracking down on tax evasion and aggressive tax avoidance". It will do this through "significant investments" which will "strengthen the Canada Revenue Agency's (CRA's) ability to unravel complex tax schemes, increase collaboration with international partners, and ultimately bring offenders to justice." This plan includes and amendment extendi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Products

The fund house decided in 2019 to no longer buy Brazilian government bonds for any of its internally managed emerging markets debt strategies.

Nordea AM ends Brazil bond ban after Lula pledges conservation

Deforestation reversal

Laura Miller
clock 03 November 2022 • 1 min read
Millions turn to advisers in pandemic but advice gap remains  - research

Millions turn to advisers in pandemic but advice gap remains - research

Nafeesa Zaman
clock 28 September 2021 • 2 min read