Mr. Speaker, the Canada Revenue Agency claims that it will show no mercy to the fraudsters named in the Panama Papers, but if the past is any indication, I will not be holding my breath.
In past leaks from Liechtenstein, Switzerland, Luxembourg, and the Isle of Man, the CRA was ineffective at recovering the money owed and relied heavily on voluntary disclosure, while often granting amnesty to the fraudsters.
How can we trust the minister when the agency she oversees has such an appalling track record?