The amount of tax that Canadians admit to owing Ottawa but haven’t paid rose to a record $43.8 billion this year, despite a Liberal government promise to “stabilize” that sum.
And an internal Canada Revenue Agency (CRA) projection obtained by CBC News says the amount of unpaid tax owed is set to hit more than $47 billion by 2020.
The steady increase in the tax debt — up by about $2 billion annually since the Liberals came to power — comes despite a major investment in the 2016 federal budget to wrestle down fast-rising levels of uncollected tax debt.
The rise in the tax debt level over the last decade or so appears to be linked to major staff reductions at CRA under the former Conservative government’s deficit-cutting program.
Read full story here: Revenue Agency Falling Behind As Uncollected Taxes Owed Rise To $44 Billion | CBC News
