This committee is probably aware that just this week the Auditor General released a report on aggressive tax planning, and found that there are some problems with Canada Revenue Agency's capacity to go after tax cheats. Just this week I met a senior CRA staff person who confirms that there continues to be a serious lack of staff capacity in the international audit division to combat tax haven related tax evasion. Most importantly, he warned that this situation is likely to be compounded by a large number of auditors who will be retiring in the next few years. Unless staffing levels are boosted and good training programs put in place, which was one of the areas of particular concern in the Auditor General's report, the situation could get much worse than it is now. It's a false economy to try to save money by cutting staff in this area when we will lose much more in uncollected revenue as a result.
On May 8th, 2014. See this statement in context.