QSA's Week in Finance (#7, 2024)

CRA zero-tolerance fraud stance; Bank of Canada dual mandate debate; FCAC on credit card practices; Housing cost reduction plans; Credit aggregates rise.

QSA's Week in Finance (#7, 2024)

Start Date: 2024-11-16
End Date: 2024-11-22

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CRA Enforces Zero-Tolerance on Fraud

The Senate Committee on National Finance, chaired by Claude Carignan, reviewed the CRA's zero-tolerance policy on fraud with Minister Marie-Claude Bibeau. The CRA has blocked $378 million in ineligible payments and is pursuing recovery through legal avenues. Discussions included cybersecurity measures, the impact of budget cuts on call center operations, and efforts to improve service for SMEs. The agency's role in supporting identity theft victims was also covered, alongside initiatives to modernize tax literacy.

Sources: ['Transcripts: senparlvu.parl.gc.ca']