July 2018

Well-heeled Canadians have hidden up to $240.5 billion in foreign accounts and are dodging up to $3 billion a year in federal tax on those funds, according to the CRA’s first ever attempt to estimate how much government revenue is lost from individuals stashing money abroad. The Canada Revenue Agency arrived at the figure as […]

The offshore firm at the heart of the Panama Papers leak did not know who as many as three-quarters of its clients were at the time of the exposé, according to an investigation. The Panamanian company Mossack Fonseca made frantic efforts to discover its clients’ identities in the spring of 2016 as it fell under […]