Mr. Speaker, as I said before, this government has zero tolerance for tax evasion.
The CRA received 1,349 files from France related to HSBC. Of those files received, 154 were duplicates, 801 contained zero dollars and 394 were deemed high risk or high dollar files. Where non-compliance was expected, the CRA conducted hundreds of audits, leading to $21 million in taxes and penalties being reassessed. This work is ongoing. Furthermore, the CRA has received over 250 voluntary disclosures identifying $123 million in undisclosed amounts.