Wealthy Canadians are hiding from tax authorities in foreign offshore from 80 to 240 billion dollars.
This is stated in a special report prepared by the Tax Agency of Canada.
“We assume that in hidden offshore Canadians keep from 75.9 billion to 240,5 billion dollars”, — are given in document figures for 2013.
Each year, the owners of these funds avoid paying about $ 3 billion. taxes.
But foreign property and status of law-abiding Canadians declared twice that amount — 429 billion.
In General, it is estimated, Canada annually loses about 14.6 billion dollars. taxes, which is 5.3% of total government revenue. If these funds were able to get, they would completely cover the annual budget deficit.