National Newswatch

The Problem with Canada’s Revenue Agency

Dec 6 2017 — Percy Downe — Recent public leaks of tax information have once again put the spotlight on the growing, and never-ending problem of overseas tax evasion, where billions of dollars are hidden overseas to avoid paying Canadian taxes. As we know, it is not illegal to have a bank account overseas, but it is illegal not to report any proceeds from […]

Waiting For Results on Overseas Tax Evasion

May 15 2017 — Percy Downe — After years of trying to build public and media support, significant progress has been made with the last two federal budgets in the fight against overseas tax evasion. Finally, the federal government is providing the Canada Revenue Agency (CRA) the resources it needs to take on those who hide their money in overseas tax havens. […]

The problem with $47 billion in unpaid taxes

Mar 7 2017 — Percy Downe — The Conference Board of Canada’s new report, Canadian Tax Avoidance: Examining the Potential Tax Gap, has concluded that up to $47 billion worth of taxes is not being collected by the Government of Canada. Think of what could be accomplished if that money was actually collected by the federal government; the programs it could fund, […]

Atlantic Federal Government Job Losses are Ottawa’s Gain

Sep 22 2015 — Percy Downe — Between 2008 and 2014, over 1,784 federal government jobs have been eliminated in Atlantic Canada. During the exact same time period, the Ottawa area had their federal government job employment increase by 1,835 positions. These figures from the Public Service Commission of Canada tell a disturbing story. In a region suffering high unemployment and a […]

Overseas Tax Evasion: Fairness can only come from The FACTs

May 19 2015 — Percy Downe — We are living in tight fiscal times, where every dollar counts and many Canadians have had to suffer the effects of the numerous cutbacks of government programs. And yet, did you know that there are billions of dollars in taxable assets illegally hidden by some Canadians in overseas tax havens? However, the most unbelievable fact […]

Overseas tax evasion: Fairness only comes from facts

Apr 7 2015 — Percy Downe — The Government of Canada is reporting that the federal budget could be balanced shortly. Great news – but at what cost? Indeed, we are living in tight fiscal times, where every dollar counts and many Canadians continue to suffer the effects of the numerous cutbacks of government programs. And yet, did you know that there […]