Mr. Speaker, as I said, the CRA is currently reviewing its policies around making a voluntary disclosure. People applying to use the program who have used it before may find that the door is now permanently closed to them. Tax cheats are running out of options, and it will only become harder for them going forward.
I want to close by informing this House that settlement agreements are not the soft landing that many believe them to be, and they are in no way an amnesty. When the CRA enters a settlement agreement, it will assess tax retroactively, going back as many years as possible, which is often a decade or more. Taxpayers who have reached a settlement agreement must accept CRA's calculation of the tax and compounded interest on all taxes owed, and they waive their right to appeal or object to this calculation.
Our government continues to go after every dollar that is owed by high-wealth individuals, and it has more resources now than ever before. Once again, I believe that this is what Canadians expect of their government, and that is exactly what we will continue to deliver for them.