Canadians implicated in the Panama Papers shouldn't expect any leniency from the tax man at this point, the Canada Revenue Agency says. The CRA has been sifting through the information looking for tax evasion, and said in a statement Monday that those efforts have ensnared a few thousand files now being pursued by the tax agency. Ordinarily, the tax agency has a Voluntary Disclosure Program (VDP) that allows Canadians to fess up about offshore holdings before the tax man sniffs them out. "The taxpayers under audit can't qualify for the Voluntary Disclosure Program," Luciani-Girouard said. The tax agency says it is using part of those funds to hire 100 auditors to look into "high-risk" potential tax evaders.

Source: CBC News September 26, 2016 15:01 UTC