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Canada's federal government is projected to fall short of its capital gains tax target by C$2 billion, or one-tenth, over the next five years, according to the budget officer. In related news, a Nova Scotia judge has ruled that failing to pay the GST on all-cash deals is both illegal and immoral. The Canada Revenue Agency (CRA) has reported that unpaid taxes, including foregone GST, amount to over $40 billion annually. Research by the CRA indicates that many taxpayers consider cheating to be commonplace.
Unpaid taxes nationally, including foregone GST, add up to over $40 billion annually, a 2022 report by the CRA said. MORE: https://t.co/pPDSs8ZaC8 https://t.co/hMbD8423Am
Nova Scotia judge says not paying GST on cash transactions is 'illegal and immoral' Unpaid taxes nationally, including foregone GST, add up to over $40 billion annually, a 2022 report by the CRA said. https://t.co/pPDSs8ZaC8
Doing business in cash to dodge the GST is not merely illegal but immoral, rules Nova Scotia judge: "A dollar you don't pay is a dollar someone else has to pay." https://t.co/YIYiODkoQz #cdnpoli @CanRevAgency https://t.co/X37VmVzULo
