The Offshore Tax Informant Program (OTIP) is the Canada Revenue
Agency (CRA) confidential whistleblower program that was put in
place in January 2014 and that awards taxpayers with a percentage
of collected taxes if they provide CRA with "specific and
credible details" about a major international tax evasion
case. CRA reports that as of April 30, 2016 it has received 2,984
calls to its confidential OTIP hotline, and 812 of those calls were
from potential informants. CRA enters into binding written
agreements with tipsters allowing an award for the offshore tax
evasion tip if the potential assessment of taxes, excluding
interest and penalties, exceeds $100,000. The percentage reward
ranges from 5% to 15% of evaded taxes collected, depending on the
nature and quality of information the tipster provided to the CRA.
CRA reports that it has now entered into more than a dozen
contracts with tipsters under the OTIP program. If you wish to
enter into a tax tip agreement with
