Canada Revenue Agency expects to track down 400M in tax crackdown

by Craig Wong, The Canadian Press Posted Feb 23, 2017 12:58 pm MDT Last Updated Feb 23, 2017 at 3:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Canada Revenue Agency expects to track down $400M in tax crackdown OTTAWA – Canadian tax authorities expect to track down $400 million this year they say are owed as part of a campaign to crack down on tax evasion by big international companies and wealthy individuals, particularly those using offshore tax havens, a top official says.The Liberal government provided extra cash to the Canada Revenue Agency in last year’s budget to pursue wealthy tax cheats. The agency is “ahead of plan” in terms of hitting its target, says Ted Gallivan, assistant commissioner at CRA’s compliance programs branch.“I don’t think raising the revenue is going to be a challenge for us because we have a strong record of generating tax revenue by identifying non-compliance,” Gallivan said.The $400 million is a small fraction of the $13 billion CRA is expected to recover from its audits in this fiscal year, but it is expected to grow.The 2016 federal budget included $444.4 million over five years to help the agency crack down on wealthy tax cheats. The program is expected to garner $2.6 billion in extra tax revenue over that period.CRA also said there will also be additional assessments above the $2.6 billion for provincial tax, interest and penalties.The extra money in the budget has been used to hire staff and start building the information technology infrastructure to review large international transfers of money in real time.Gallivan says CRA has been careful in spending the extra money, adding to the ranks of auditors for large multinational companies, targeting promoters of illegal tax schemes and beefing up the criminal investigation teams with lawyers at the earliest stages.“It allowed us to ramp up the pressure in many areas without decreasing the pressure in other areas,” he said.University of Ottawa tax law professor Vern Krishna called the $400 million remarkable, but expressed skepticism regarding the figure, noting that the appeal process at CRA can take a long time.CRA said there will be appeals, litigation and collections issues that will result in some of the funds not making their way into federal coffers, but noted that the budget in 2016 also included money to enhance the CRA’s collection capacity.Gallivan said the agency is also reviewing its voluntary disclosure rules with an aim to tighten that program. The program can reduce penalties for those who notify authorities when they have failed to pay their taxes.CRA estimates the program will help identify $1 billion in income that might otherwise have been hidden this year.Gallivan noted the changes being looked at include whether to continue allowing Canadians to use the program more than once.“Should you really kind of have a second kick at the can?” Gallivan asked.“Somebody who does it twice, deliberately and with a lot of legal advice and thinking around it, that’s not really what we want.”He said the payment requirements when someone makes a disclosure under the program are also being reviewed.Public consultations on the changes are expected to start in the spring with recommendations seen ready for the fall.National Revenue Minister Diane Lebouthillier accepted Thursday the recommendations regarding tax evasion in a report by the House of Commons finance committee.Among the recommendations in the report is a comprehensive review of the voluntary disclosure program and a review of guidelines used to determine whether to pursue litigation or seek a settlement with tax evaders.The report also recommended the minister strengthen protections for informants.Note to readers: This is a corrected story. A previous version said Canadian tax authorities were on track to recover $400 million this year. read more

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7 Maple Leafs in desperate need of a big Game 7 against

BROWSE nhl | toronto maple leafs Every Game 7 needs its hero.But when you consider the Toronto Maple Leafs’ roster ahead of their deja vu-showdown in Boston, a few components need to elevate more than others.Frederik Andersen has been a backbone in net (.950 save percentage at even-strength), even in the losses. Morgan Rielly has performed at a level worthy of the mild local outrage that he was left off the list of Norris finalists. And no one has scored as often as Auston Matthews.Others will be looked at to scratch out a little more in a 3-3 war of inches, where one extra play can be the difference.“It’s been a hell of a series so far,” John Tavares said. “We’ve still got a great chance to move on and get it going for a victory.”Here are seven men who would be well-served if they can contribute to one more win.Patrick MarleauWhen Bruce Cassidy healthy-scratched $6-million veteran leader David Backes in Sunday’s must-win game, even the most loyal Maple Leafs fans couldn’t help but think about their own experienced third-line, free-agent winger and his $6.25-million cap hit, which is on the books through 2019-20.Marleau, 39, was a playoff star last April, leading all Leafs with four goals in the ’18 series, including a pair in the decisive Game 7.The affable ironman continues to see important minutes in 2019 despite obvious decline. Marleau has but two assists here. It’s a stat we might have seen coming in light of his regular-season statistical cliff dive: 16 goals and 37 points in 82 games despite healthy usage on the power play and alongside offensively gifted centremen.“The Fountain of Youth will kick in, for sure. He’ll be ready to go and a big part of things,” Babcock predicted in the hours leading up to Game 1. “It’s not just in the room, we need him on the ice. We need him to be a factor in the series on the ice. He understands and knows that.“You know, the great thing about Patty is, when he looks at it and you lay your career down on the ground, you say, ‘I don’t have many more kicks at the can.’ Sometimes we get thinking we’ve got too many kicks at the can and we don’t realize how hard we can really play. So, there’s another level and we can all get to it. You’ve got to figure that out.”If Marleau can’t figure it out fast, difficult conversations must be broached around Year 3 of his contract.Mike BabcockOn the brink of running his playoff series record to 0-3 in Toronto — or joyously snapping a 15-year franchise drought — the Leafs’ handsomely compensated bench boss is understandably targeted with a microscope for every decision he makes.That no playoff team has ever lasted a seventh game with a penalty kill so exposed as these Leafs’ is either a testament to Toronto’s 5-on-5 execution or a failure to adjust with a man down.Did he yank Andersen too early in Game 6? Does he need to use a proper faceoff man against Patrice Bergeron on the PK? Should he take a more aggressive approach with his top forwards’ ice time? Run his loaded PP1 for nearly two minutes straight, like the Bruins? Switch things up and take more risks for Game 7?“No. One hundred per cent the opposite of that piece of advice,” Babcock said Monday, calling off practice in favour of a team meeting. “I know how it works here [in Toronto]. I appreciate the help, though.”Cassidy is a less-celebrated but worthy foil in this coaching chess match, and his roster tweaks and special-teams strategies have got the Bruins to this point.If Babcock loses to him again, it’ll be on his own terms.Mitchell MarnerMarner was Toronto’s leading scorer in the past two regular seasons as well as last April’s Boston series. He appeared on track to continue that streak with his penalty-shot heroics in a Game 1 win, then was showered with praise for his face-front shot blocking in Game 3’s victory.Credit the Bruins’ Perfection Line for this, though: Offensively, the superstar has turned cold as a carton of freezer-burnt French vanilla.Marner, who averaged nearly three shots on goal per game in the regular season, registered 13 of them in Games 1, 2 and 3. In Games 4, 5 and 6? One shot total.“Don’t spend a whole lot of time worrying about what everyone else thinks,” said Babcock, by way of advice. “Just breathe and play hard and enjoy yourself.“When he was a kid, he probably played road hockey and, at this time of year, he was probably whoever scored the winning goal the night before. Be the same — just get out there and play.”Marner is also a key cog in a penalty kill that is getting stirred into a soup and devoured something delicious.He is minus-3 on the series.“There’s going to be ups and downs throughout the series and the games,” Marner said. “No matter what happens in the game, what happens in a shift, just stick with it… just stay in that moment. Just make sure you’re ready to go at all times.”Especially at 7 p.m. ET Tuesday.John TavaresTavares led all Maple Leafs in goals this season with 47, shattering his career best. The top-line centre has found the net once in six games, and it was empty.To be fair, the Tavares line’s chief responsibility is limiting Patrice Bergeron’s group 5-on-5, and they’ve done an impressive job of that. Also, Babcock needs to give Tavares — his best net-front man — more power-play time. Of the six minutes Toronto had with the man-advantage in Game 6, J.T. played 2:38.“I think he’s been excellent in the series,” Babcock said. “You’re playing against good players that are competing hard against you. Something is going to give. Make sure it’s your way.”Still, in two weeks of winner-take-all, $77 million should buy you something more than a saw-off. Tavares may be the most patient superstar you’ll come across, but urgency is the order of the day. Leafs Nation would love to see a performance like the one he delivered to drag the Islanders out of Round 1 in 2016.“You realize you can’t take it for granted,” Tavares said. “You never know how many opportunities you’re going to get, and you’ve got to make the most of the ones that are right there in front of you.”William NylanderNylander certainly enjoyed nice moments, great games even, in this “new season” — but Dollar Bill remains the most divisive star on the roster, thanks largely to the fact he’s scooping nearly $7 million off a tight salary cap.While his talents may be better built to drive offence to the flank of Matthews, Nylander has filled in nicely in Kadri’s stead and proven himself a worthy centre option if/when the need arises.His setup of Rielly’s strike in Game 6 was something special:Look at the hand-eye coordination and control from Nylander pic.twitter.com/0vc2FY2Jaj— Faizal Khamisa (@SNFaizalKhamisa) April 21, 2019“He wants the puck all over the ice. He’s great through the middle of the ice with the puck,” winger Connor Brown said. “He has been a joy to play with.”But then he’ll coast through a shift where he looks downright disinterested and draw the ire of his critics. “Honestly, I would not want him on my team,” analyst Kelly Hrudey said at on-air at one point this series.The 22-year-old’s regular-season production (seven goals, 27 points, minus-4 in 54 games) have mirrored his series results (one goal, three points) in that he’s exactly a half-point-per-game player right now.Yes, his wingers aren’t elite, but neither are his match-ups. His paycheque demands something more tangible than positive underlying numbers. You assume that’s coming. Boy, would Slick Willy silence a ton if people if it arrived Tuesday.Nazem KadriWell, we now know his suspension length: five games. This means Kadri, who was fantastic in the first two games of this series, will have removed himself out of more than half of his club’s playoff games (eight of 14) in the past two springs.The third-line pivot’s poor decision-making could end up costing the Leafs from seeing Round 2. Although he’ll have no say in Tuesday’s outcome, Kadri needs a Toronto win as badly as anyone. With his frustrating history and his movable contract, the longest-tenured Leaf becomes an off-season trade consideration.Survive TD Garden, however, and the impact forward has a chance to polish his narrative in Round 2 and, possibly, beyond.“You can’t cross the line,” Babcock said, “Any time you do, you leave decisions in someone else’s hands, and it’s not within your control. I think in anything in life you want to be in control and you’ve got to own everything.“You’ve got to own your play, you’ve got to own your discipline, you’ve got to own what’s going on for you. In the end, Naz has someone else making a decision whether he’s playing or not.”@mriles4 got snubbed for the Chucky Norris award. Monster year was a slam dunk for my guy. @NHL might need to consider reviewing that one…. A nomination at the very least— Nazem Kadri (@43_Kadri) April 22, 2019Jake GardinerToronto’s Gardiner–Travis Dermott pairing of the two D-men on an expedited rehab program are getting sheltered minutes.Gardiner skated just 12:31 in Game 5, second-fewest for a full game in his career, and only exceeded 17 minutes once in the series.“Obviously, he’s been injured. It’s pretty easy to see that when you watch,” Babcock said Monday. “I talked to him today. We need him to be good for us and just simple. He’s not playing against the same match-ups he was before, but just be simple and be safe. When you get the puck on the offensive blue line, be yourself.”Fair or not, Gardiner’s minus-5 performance in the last Game 7 made him a whipping boy, and there is a 50/50 chance Tuesday will be his final game in blue and white.“Any time you have a defeat like that, it drives you to be even better,” Gardiner said. “But this is a different team, there’s new guys on the team. It’s kind of a fresh start.” read more

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