Nearly 900 Canadians found in Panama Papers, but no charges have yet been laid
OTTAWA — Canada’s tax agency has identified nearly 900 Canadian people and corporate entities in the Panama Papers and five criminal investigations are underway, but so far no charges have been laid.
The Canada Revenue Agency is providing new details about the status of its probe of information leaked from Panamanian law firm Mossack Fonseca, detailing hundreds of billions of dollars from around the world sheltered in tax havens.
To date, 894 Canadians — including individuals, corporations and trusts — have been identified in the papers and 525 of them have had their files reviewed by the CRA.