“The whole issue of corporate taxation will be a stronger part of what we offer to Canadians, bolstered by the PBO [independent parliamentary budget officer] report. You will hear us repeating what was found in the PBO report. Whether that number is $10 billion or $15 billion or $20 billion or higher… And we will be talking about the fair tax system as a foundation for making the kind of investments that will make a difference in people’s lives.” –Peter Julian, NDP House Leader
Tax agency refuses to identify person or corporation getting writeoff
The Canada Revenue Agency, under National Revenue Minister Diane Lebouthillier, wrote off a large tax debt of $133 million last year but refuses to provide details. (Justin Tang/Canadian Press)
As the April 30 deadline approaches for filing income tax returns, there’s word of an unusually large tax writeoff by the Canada Revenue Agency (CRA).
Sometime in the first six months of 2018, the agency wrote off more than $133 million in taxes owed by one taxpayer. It’s not clear whether the recipient of the writeoff was a person or a corporation.
The amount was for unspecified excise taxes or excise duties; the CRA has offered no further details.
Etienne Biram also said the agency could not state whether the amount — $133,416,922.33, to be precise — has set a record for a single federal tax writeoff in Canada.
The massive writeoff is cited in a Sept. 14, 2018 internal CRA memo to explain a big jump in the total tax dollars declared uncollectible, compared with the total for the same period a year previous. CRA won’t say who got it.