Mr. Speaker, we have made investments of over $1 billion to give the Canada Revenue Agency the resources needed to crack down on tax cheats.
On the Panama papers specifically, the CRA has identified over 3,000 offshore entities with over 2,600 beneficial owners that have some link to Canada, of which the CRA has risk-assessed over 80%.
I can confirm that there are several criminal investigations under way involving the Panama papers. As my colleague knows, these investigations can be complex and take time to complete.