Under Canadian law, the CRA cannot share personal tax information with officials in another country investigating a crime other than tax evasion. Enhanced powersThree separate provisions outlined in the budget annex would enhance the powers of Canadian authorities to share confidential information about Canadian residents. Currently, the Canada Revenue Agency can share confidential tax information about Canadians with authorities in other countries that are investigating serious cases, such as tax evasion. While tax authorities in other countries can ask Canada for an individual's tax information, that policy currently doesn't extend to other information like bank account records. The 2018 budget includes proposed measures that would make it easier for the federal government to share Canadians' confidential tax information with authorities in other countries.

Source: CBC News March 01, 2018 09:00 UTC