Holy tax evasion, Batman!

Tax slackers and snitches beware! There’s an ironic twist in the CRA’s tax cheat tip line.

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From the April 2014 issue of the magazine.

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Tax slackers beware. Tax tips took on new meaning this year when the Canada Revenue Agency’s “snitch line” went live. Informants can use it to report international tax evaders, receiving finder’s fees of 5% to 15% of tax collected if a tip brings in $100,000 more than the CRA could find on its own. But there’s an ironic catch: tip cash is taxable to the informant in the year the misdeed is reported.

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