The Canada Revenue Agency (CRA) has announced the Offshore Tax Informant Program (OFTP) that offers financial rewards for information that helps address major international tax non-compliance. Rewards will be paid to individuals for evidence with “specific and credible details” that help CRA fight international tax evasion, in cases where the potential additional assessment of federal tax before interest and penalties is more than CAD100,000. Payments will be made only after the tax has been collected and all recourse rights of the accused have been exhausted.
«
Previous post
Canada and Taiwan: DTA negotiations
Canada and Taiwan: DTA negotiations
Related Posts
Australia, Canada sign memorandum of understanding on arbitration under BEPS MLI
August 07, 2026
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the
Read More
Canada imposes provisional safeguard tariff on imports of wood cabinets, vanities
August 06, 2026
Canada’s Minister of Finance and National Revenue announced a provisional safeguard measure, in the form of a 25%
Read More
Canada consults technical changes to Global Minimum Tax Act
July 31, 2026
The Department of Finance Canada has launched a consultation on draft amendments to the Global Minimum Tax Act that
Read More
US: Trump says USMCA matters more to Canada and Mexico
July 29, 2026
President Donald Trump said on Tuesday, 28 July 2026, that he has no interest in revising the six-year-old
Read More
US: Trump threatens tariffs on Canada over cross-border wildfire smoke
July 29, 2026
US President Donald Trump renewed his threat to impose tariffs on Canada in response to wildfire smoke drifting across
Read MoreCanada consults transfer pricing documentation amendments, various other tax measures
July 27, 2026
Canada's Department of Finance has released draft legislative proposals for public consultation on 23 July 2026 to
Read More