Significantly increase the resources of the Canada Revenue Agency to combat aggressive tax planning and tax avoidance that allows the wealthiest to avoid paying the taxes they owe. This will increase CRA’s resources by up to $1 billion per year in order to close Canada’s tax gap.

Modernize the general anti-avoidance rule regime in order to focus on economic substance and restrict the ability of federally regulated entities, including financial institutions such as banks and insurance companies, to use tiered structures as a form of corporate tax planning that flows Canadian-derived profit through entities in low-tax jurisdictions in order to reduce taxes back in Canada.

Work with our international partners to implement a global minimum tax so that the biggest companies in the world are not able to escape the taxes they owe here in Canada.

— Forward. For Everyone., retrieved 2021-09-02

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To boost the integrity of our tax system and combat tax evasion, we will take measures to close loopholes that include eliminating bearer shares, compelling companies to prove the economic reason for their offshore transactions, and improving transparency on the taxes paid by large corporations. We will also boost compliance funding to Canada Revenue Agency’s enforcement section dealing with international and corporate taxation, to ensure that companies can’t evade new measures.

— Ready for Better, retrieved 2021-08-27

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