It's actually possible to look at a comparison with the United States. Since 2009, the Internal Revenue Service, or IRS, has initiated proceedings against 1,545 taxpayers in relation to activities abroad and 671 taxpayers in connection with tax violations.
In Canada, from 2011 to 2016, proceedings were initiated against 42 taxpayers in relation to tax evasion. A CBC/Toronto Star investigation recently revealed that, since 1977, the Royal Bank of Canada had registered 429 offshore companies engaging in tax evasion in Panama. The bank was asked to turn over information, and it complied. It shows, however, how prevalent the use of offshore companies is.
As for bearer shares, everyone agrees that there is a problem. Even academics are saying that Canada is lagging behind on the issue. We have a serious problem, and we can't continue to allow bearer shares to be issued on the market. We absolutely have to get rid of them, since that is what led to the whole Panama Papers debacle. The British Virgin Islands still have bearer shares. My personal prediction is that the Virgin Islands will be the site of the next Panama Papers-style scandal, precisely because they still allow bearer shares.