A definition from the Canada Revenue Agency in 2016 defined the tax gap as “the difference between the taxes that would be paid if all obligations were fully met in all instances and the tax actually paid and collected.”
A new paper from C.D. Howe argues that the Canada Revenue Agency should focus on measuring and closing a crucial tax gap.
Source: wealthprofessional.ca
Latest Posts in "Canada"
- The Sales Tax Requirements of Selling Into Canada
- Canada Removing Tariffs for U.S. Goods Covered under CUSMA
- GST Registration for Non-Residents: Understanding “Carrying on Business in Canada” Requirements
- Canada imposes additional surtaxes on certain steel and aluminum goods
- Proposed Amendments to Excise Tax and Related Acts: A Guide for Parliament and Advisors
