S-258Government of Canada
An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax)
Requires the Canada Revenue Agency to publish an annual report on the 'tax gap' (the difference between taxes legally owed and taxes actually collected), broken down by category. Targets the lack of transparency around uncollected taxes from offshore wealth and the underground economy.
Status
✓
Introduced✓
1st Reading✓
2nd Reading4
Committee5
Report6
3rd Reading7
Royal AssentQuick learn
Would require the Canada Revenue Agency to publish a yearly report on the 'tax gap', the difference between taxes owed and taxes actually collected, broken down by category, so Parliament can see how much is lost to offshore wealth and the underground economy. A Senate bill.
Issues this bill touches
- Tax & Fiscal Policy
CRA tax-gap annual reporting.
Legislative history
- First reading
First reading in the Senate.
View source - Second reading
Second reading in the Senate.
View source - Third reading
Third reading in the Senate.
View source - First reading
First reading in the House of Commons.
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Official source
Read full text on Parliament of Canada