… The Offshore Compliance
Advisory Committee (OCAC) will be composed of seven independent
experts with significant legal, judicial and tax administration
The members will provide input
to the Minister and the CRA on additional administrative strategies
for offshore compliance to build on the Budget 2016
The OCAC's first meeting
will be in spring, 2016, and its initial areas of focus will
Strategies to help alleviate and discourage offshore
Administrative policies being used by other tax
administrations to address this global issue
Advice to the CRA in moving forward with its measurement of
the tax gap;
Additional strategies and practices related to promoters of
tax schemes; and
Potential ways to improve the CRA's criminal
The OCAC will be chaired by Dr.
Colin Campbell. Dr. Campbell is currently Associate Professor of
Law at Western University and a published author on tax matters.
The Committee's Vice-Chair is Kimberley Brooks, Associate
Professor of the Schulich school of Law at Dalhousie University.
Ms. Brooks, a member of the Canadian Tax Foundation Board of
Governors and a member of the International Fiscal Association,
practiced law in Toronto and the United Kingdom.
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The CRA provides new housing rebates for individuals who have purchased or built a new house or have substantially renovated a house or made a major addition to a house who plan on living in it personally or letting a relative live there.
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