"The CRA is reviewing links to Canadian entities and will take appropriate action in regards to the Paradise Papers," said spokesperson John Power. Chrétien also released a statement Monday saying any reports linking him to a bank account in an offshore tax haven are false. "While as a lawyer for Heenan Blaikie I did some work for Madagascar Oil as a client of the law firm, all fees were billed by the law firm and went to the law firm. NDP Parliamentary Leader Guy Caron said part of the problem is the legality of offshore tax evasions. Bill C-362 would deny tax breaks on a type of banking transaction commonly used in tax avoidance.

Source: CBC News November 06, 2017 13:41 UTC