Mr. Speaker, in our last three budgets, we invested over $1 billion to give the Canada Revenue Agency the tools it needs to go after tax cheats.
With respect to the Panama papers, the CRA identified over 3,000 offshore entities associated with over 2,600 beneficial owners that have some link to Canada. The CRA has risk assessed over 80% of them. We also chose to tighten the rules for the voluntary disclosures program. The net is tightening.