Current and Recent Statistics

The following information is used by tax professionals, accountants, lawyers, government officials and others every day:

76 per cent of Canadians don't weigh the tax implications each time they make an investment decision and 37 per cent aren't sure they are taking full advantage of tax breaks.   ( http://communities.canada.com/windsorstar/blogs/onwindsorbusiness/archive/2010/04/29/my-money-why-we-hate-to-think-about-tax-consequences-but-shoud-anyway.aspx )

In 2007 over 85 000 Canadians filed objections with the Canada Revenue Agency.  In 2010 the number had risen to 114 000 Canadians filing objections.  ( http://www.canada.com/videos/index.html?v=1639247822 )

Since 2004, the Canada Revenue Agency has increased the number of full time staff working on international audits by 44%.  In That time, from more than 6,700 cases, the CRA claims to have found $3.5 billion dollars in unpaid taxes.  ( http://www.theglobeandmail.com/report-on-business/rob-magazine/how-i-learned-to-avoid-the-taxman-in-the-british-virgin-islands/article1881443/ )

The share of insolvent consumers among people aged 55 and older has more than quadrupled in the past decade, sneaking past 20 per cent. 

Not only do seniors have limited ability to earn income, most are reluctant to discuss money troubles openly, leaving them stranded when debt burdens grow overwhelming.  (http://www.everydaymoney.ca/2011/02/should-struggling-retirees-consider-going-bankrupt.html) 

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