Michael Friedman speaks with the Globe & Mail to discuss the CRA's new strategy to thwart tax evasion  

news & knowledge 

November 2016

OTTAWA — The Globe and Mail
The Canada Revenue Agency is testing a new strategy to crack down on tax-evasion schemes by focusing on electronic fund transfers of more than $10,000 that travel from Canada to certain targeted foreign jurisdictions. 

The head of McMillan’s Tax Group, Michael Friedman, told the Globe & Mail that,  after a number of leaks and examples of aggressive enforcement action around the world, he has seen a “growing aversion” toward aggressive tax planning. 

“My suspicion is this will be the greater source of ultimate tax revenue for the government – taxpayers not undertaking transactions that they may have otherwise,” said Friedman.

Read the full Globe and Mail report here