Canadian Corporate Funds in Tax Havens Reach Record High

The total amount Canadian corporations reported in their top 12 tax havens soared to a record high of $381 billion in 2019. Despite political pressure following international scandals such as the Panama Papers and repeated promises from governments to get tough on tax havens, analysis of Statistics Canada's latest foreign direct investment data shows that use of tax havens by Canadian corporations keeps on rising.

File Type: pdf
Categories: Taxation
Author: Canadians for Tax Fairness