Most Canadians Named in Panama Papers Tax Evasion Scandal Paid Their Taxes, Says CRA

A security guard sit outside the Mossack Fonseca law firm in Panama City, April 3, 2016. Approximately 11 million documents with information on offshore bank account holders were leaked from the office of the law firm in 2016.AP Photo/Arnulfo Franco

The majority of Canadians named in the Panama Papers tax evasion scandal in 2016 had paid their owed taxes, according to an official with the Canada Revenue Agency (CRA).

Cathy Hawara, assistant revenue commissioner of the Compliance Programs Branch of CRA, provided testimony on potential tax revenue loss resulting from non-compliance and tax evasion before the Standing Senate Committee on National Finance on April 26.