May 16 2019 — Percy Downe — Policy Options — The federal government talks tough on overseas tax evasion, saying it is a high priority and it will catch you if you cheat. But the Canada Revenue Agency (CRA) has a terrible track record of collecting from Canadians hiding their money overseas. It’s not catching, charging or convicting tax cheats the way other countries are […]
Feb 2 2019 — Percy Downe — National Newswatch — At a town hall meeting in January 2017, Prime Minister Trudeau responded to a question on the expensive toll to cross the federally-owned Confederation Bridge connecting Prince Edward Island to Canada by committing to “look at what can be done to make sure that people are able to travel freely, travel efficiently, and openly across […]
Oct 15 2018 — Percy Downe — Policy Options — During the last federal election, Liberal Leader Justin Trudeau announced that, if elected, he would not proceed with the plan to charge tolls on Montreal’s new Champlain Bridge — a $4.2-billion project, now nearing completion. On May 29, 2018, the Auditor General of Canada reported that the decision to eliminate tolls on the federally owned […]
Apr 9 2018 — Percy Downe — National Newswatch — Since 2012, the Parliamentary Budget Officer (PBO) has been trying to fulfil my request to measure the tax gap, the difference between what is owed in taxes and what has actually been collected, but has been stonewalled by the Canada Revenue Agency (CRA) and its refusal to release the required statistical data. Therefore, the announcement that […]
Dec 20 2017 — Percy Downe — National Newswatch — The time has come for the Parliamentary Budget Officer (PBO) to take the Canada Revenue Agency (CRA) to court in order to compel them to provide information necessary to calculate the tax gap, the difference between what is owed in taxes and what has actually been collected. The CRA is required, under the Parliament of Canada Act to […]
Dec 6 2017 — Percy Downe — National Newswatch — 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 […]
Jul 4 2017 — Percy Downe — National Newswatch — Federal Minister of Infrastructure and Communities Amarjeet Sohi confirmed in reply to a question in the Senate that the new Gordie Howe Bridge in Windsor, Ontario, currently estimated in media reports to cost up to $4.8 billion, will have a toll. We now have a situation in this country where two major multi-billion dollar bridge […]
May 15 2017 — Percy Downe — National Post — 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. […]
Mar 7 2017 — Percy Downe — Toronto Star — 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, […]
Aug 31 2016 — Percy Downe — National Newswatch — Jean Denis Fréchette, the Parliamentary Budget Officer (PBO) has advised that he will be issuing a report on Wednesday, August 31st answering questions asked in this letter by Senator Percy Downe. UPDATE: A tax credit for PEI bridge tolls? Budget office says cost would be $2.5 million The following is a letter by Senator Percy […]
Sep 22 2015 — Percy Downe — National Newswatch — 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 […]
Jun 23 2015 — Percy Downe — National Newswatch — The Champlain Bridge in Montreal is in dire need of replacement and to help finance construction of a new bridge—at a cost of up to $5 billion—and ensure its proper maintenance after it opens in 2018, the current federal government intends to charge bridge users a toll for an amount yet to be determined (traffic […]
May 19 2015 — Percy Downe — National Newswatch — 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 […]
Apr 7 2015 — Percy Downe — The Guardian — 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 […]