Fairness for All Canadian Taxpayers Act (measuring the tax gap to fight international tax evasion)

An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax)

Status

Second reading (House), as of June 19, 2024

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Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Canada Revenue Agency Act to require the Canada Revenue Agency to list all convictions for tax evasion — including international tax evasion — in the annual report it submits to the Minister of National Revenue. It also requires the Agency, once every three years, to include statistics on the tax gap in the annual report. In addition, this enactment specifies that the Minister is to provide data on the tax gap to the Parliamentary Budget Officer.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Fairness for All Canadian Taxpayers Act (measuring the tax gap to fight international tax evasion)Routine Proceedings

June 19th, 2024 / 5:40 p.m.
See context

Conservative

Adam Chambers Conservative Simcoe North, ON

moved for leave to introduce Bill S-258, An Act to amend the Canada Revenue Agency Act (reporting on unpaid income tax).

Mr. Speaker, it is a pleasure to rise in the chamber to introduce a bill from the Senate, from Senator Downe.

This bill would do three things. First, it would amend the Canada Revenue Agency Act to require that the Canada Revenue Agency list all those individuals who have been convicted of tax evasion, whether here or abroad. Second, it would require the CRA to publish, every three years, the tax gap, which is the amount of money that the CRA believes it is owed versus what it received. Third, it would require the CRA to provide more information to the Parliamentary Budget Officer so their office can do a better job in reporting on the tax gap.

I would like to thank the senator for his wonderful work. This is the third time the bill has been introduced. The second time, in this chamber, it was narrowly defeated in the 42nd Parliament, but I believe we have the votes with all opposition parties, as we did last time, to make the bill law.

I would like to thank the member for Calgary Rocky Ridge, who has done an excellent job on the file as well.

(Motions deemed adopted, bill read the first time and printed)

Message from the SenateGovernment Orders

June 6th, 2024 / 7:20 p.m.
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Conservative

The Deputy Speaker Conservative Chris d'Entremont

I have the honour to inform the House that a message has been received from the Senate informing this House that the Senate has passed the following bill, to which the concurrence of the House is desired: Bill S-258, an act to amend the Canada Revenue Agency Act regarding reporting on unpaid income tax.