HomeMy WebLinkAboutClinton News Record, 2016-09-28, Page 44 News Record • Wednesday, September 28, 2016
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Big tax evaders must be brought to justice
The Canada Revenue
Agency can quickly track
down taxpayers who fail to
file their income tax returns
on time or make an error in
arithmetic or mistakenly
omit a few dollars of income
and, without delay or due
process, penalize them with
heavy fines and threaten
them with imprisonment.
Yet money -launderers
buy multi-million dollar
properties in Vancouver, flip
them for enormous profits
and live like potentates
while reporting poverty -
level incomes, but seem to
attract no scrutiny from the
tax authorities.
It's easier to trap a hapless
Canadian who innocently
slips up on an income tax fil-
ing than a sophisticated
crook who is scamming the
system and CRA has long
plucked the low -hanging
fruit. CRA whistleblowers
claim there was a deliberate
decision not to pursue
reports of "students" or
"homemakers" with little
income buying million -dol-
lar properties in Metro
Vancouver.
There's plenty of blame to
go around. Some point a fin-
ger at banks for facilitating
financing and at the real
estate industry for aggres-
sively marketing Vancouver
residential property. The
federal government has
been criticized for not giving
the CRA the funding it needs
to investigate cases of fraud
and tax evasion.
One of those critics is
Vancouver Mayor Gregor
Robertson, who said this
week that he'd heard CRA
lacked the resources to
enforce tax evasion laws. He
said he'd expressed his con-
cern to federal Finance Min-
ister Bill Morneau.
National Revenue Minis-
ter Diane Lebouthillier said
she has asked the CRA to
look into the specifics of one
particularly egregious case
involving Vancouver real
estate. She added that
between April 2015 and
June 2016, the CRA con-
ducted 2,500 B.C. real
estate -related audits and
imposed more than $11
million in penalties.
Perhaps CRA would have
more resources available to
go after the big fish if it
didn't spend quite so much
time and effort harassing
hard-working, moderate -
income Canadians who may
have missed a deadline or a
decimal point.
Some have called for
reform of the tax system,
including eliminating the
capital gains exemption on
the sale of a private resi-
dence. That could be politi-
cally palatable if combined
QM! Agency file photo
with the introduction of
mortgage interest deducti-
bility, but both measures
would be a significant
departure from the status
quo.
On the other hand, bring-
ing money -launderers and
tax evaders to justice carries
little political cost and would
go a long way toward mak-
ing the tax system fairer for
everyone.
FROM THE ARCHIVES
15 years ago...
• The Londesborough Old Timers slo-pitch sponsored a weekend
co-ed tournament; the proceeds were donated to the Clinton
Public Hospital
• An investigation began into the source of frequent sewage
odors eminating from manholes.
• During the noon hour, firefighters responded to a car fire about
three kilometers west of Clinton on Highway 8.
25 years ago...
• The Blyth Festival began a two-month adventure on the roads
of Ontario and Manitoba, carrying its play, "Cornflower Blue" to
the stages of 32 theatres and communities.
• "Take Back the Night" took place. The title of the
rally,emphasized the fact that 50 percent of women were afraid
to go out after dark in their own neighbourhoods.
35 years ago...
• A Goderich police officer was assaulted twice. The first
assault happened after he pulled over a stolen vehicle. The
second assault occurred once the suspect was taken into
custody at the police station.
• The Clinton Day Centre was getting back in groove after an
explosion rocked the building only a month earlier.
• Prince Bye Bye won the trophy and cooler presented to the
winner of the featured ninth race in the race against M.S.
(multiple sclerosis) at Clinton Kinsmen Raceway.
Thoughts, observations or concerns about this community?
Share them with Clinton and the surrounding area. Email your letters to the editor to Justine at jalkema@postmedia.com.
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