Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: Current statistics regarding the Offshore Tax Informant program.
Position: Response provided by CPB.
Reasons: See below.
2020 STEP CRA Roundtable – November 26, 2020
QUESTION 16. Offshore Tax Informant Update
While the CRA provided updated statistics on this program in 2019, can the CRA provide any further updated statistics in respect of how effective this program is?
CRA Response
Since the OTIP launch, there has been sustained interest in the program by potential informants. As of December 31, 2019, the OTIP has received nearly 5,500 calls of which of over 1,600 have been from potential informants, received over 750 written submissions and has entered into nearly 50 contracts with informants.
In addition to what was provided previously, over 150 audits of taxpayers have been completed, nearly $60 million has been assessed of which approximately $20 million has been collected and over 300 audits of taxpayers are in progress.
Holly Brant (CPB)
2020-083992
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