26 November 2020 STEP Roundtable Q. 16, 2020-0839921C6 - Offshore Tax Informant Update -- summary under Audit and Assessment Procedure

When asked for updates on the offshore tax informant program, CRA stated:

Since the OTIP launch, there has been sustained interest in the program by potential informants. As of December 31, 2019, the OTIP has received nearly 5,500 calls of which of over 1,600 have been from potential informants, received over 750 written submissions and has entered into nearly 50 contracts with informants.

In addition to what was provided previously, over 150 audits of taxpayers have been completed, nearly $60 million has been assessed of which approximately $20 million has been collected and over 300 audits of taxpayers are in progress.

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