With regards to the operations of the Canada Desk of the Union Bank of Switzerland (UBS) and the Government of Canada's response: (a) when was the government first made aware of possible improper activity of the desk; (b) what were the immediate steps taken by the Canada Revenue Agency to allegations about the desk; (c) what is the estimated value of money that the desk held for each year from Canadian clients beginning in 2004 and ending this year; (d) what role has the government played in the Justice Department's investigations; (e) what is the estimated amount of tax leakage from this operation; (f) what were government departments able to determine about the locations in Canada that were used; and (g) what potential fines or penalties is the government considering at this time?
In the House of Commons on June 17th, 2009. See this statement in context.