Ottawa forfeited $8.7B in uncollected tax in 2014, says report

The Canada Revenue Agency has calculated the gap between personal income taxes owed and taxes actually paid, at $8.7 billion for 2014. The shortfall does not include any estimate of the taxes lost because of offshore tax havens. That more difficult calculation is expected next year.

This story was published on CBC News. For the rest of the story please read the story right here http://www.cbc.ca/news/politics/revenue-tax-gap-percy-downe-finance-canada-budget-officer-liberals-election-1.4142026?cmp=rss.

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