ARTICLE · 01 JULY 2016

Underground Economy Tax Evasion Remains CRA Priority

Rotfleisch & Samulovitch P.C.

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As Canadian tax lawyers we provide income tax advice to taxpayers who have engaged in unreported cash transactions and have decided to correct their back tax filings.

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David Rotfleisch

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The CRA Underground Economy Advisory Committee includes industry partners such as Restaurants Canada and Canadian Home Builders' Association, experts and professional organizations including the Chartered Professional Accountants of Canada and was set up by CRA to help combat Canadian tax evasion through unreported cash transactions. Minister of National Revenue Diane Lebouthillier and Parliamentary Secretary to the Minister of National Revenue Emmanuel Dubourg met in early June 2016 with members of the Committee to look at ways to join forces to more actively combat the underground economy in Canada. The Committee advises the Minister and the Canada Revenue Agency and collaborates with members on measures to reduce the acceptability of and participation in the underground economy with a view to making under the table cash transactions socially unacceptable. The Committee's advice and recommendations will assist the CRA in improving its methods and strategies to more

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