Madam Speaker, I thank my colleague for his interest in this matter.
I want him to know that the CRA has a number of tax information exchange agreements with various countries, agreements that have been effective for quite some time. It uses that information in the course of its audits, which really helps us stop the people who use these kinds of schemes and those who would attempt to do so.
The member mentioned information obtained by investigative journalists. That information also helps the agency in its work.
I would also like to remind the member that the CRA is determined to manage the information that came to light on the Bahamas, just as it did the information from the Panama papers. Working with our international partners and sharing information among countries helps us effectively combat tax evasion and tax avoidance.
In closing, the additional funding allocated to the Canada Revenue Agency in the latest budget gives the agency the resources to carry out audits and to get the tools it needs to effectively combat tax evasion.