Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Canada Tax Gap Was Stable 2014-2018, Revenue Agency Says

June 28, 2022, 9:04 PM

Canada’s tax gap—the difference between tax owed and what was collected—remained stable between 2014 and 2018, the Revenue Agency said Tuesday.

The announcement represents the first time the agency has published the overall tax gap, it said.

  • The overall tax gap hovered at about 9% of federal tax revenue from 2014 to 2018, even as federal tax revenue grew. The corporation income tax gap shrunk during that time.
  • The overall figure includes personal and corporate income tax, goods and services taxes, and excise revenue, the statement said.
  • CRA released figures from 2018 “in order to examine the most recent ...