Chapter 5 · 5.3 Protecting Canadians from digital and financial threats
Cracking down on tax evasion and financial crime
$122M net impact on the budgetary balance over five years, 2026-27 to 2030-31.
The cost line
| Line | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 | Total |
|---|---|---|---|---|---|---|
| Cracking down on tax evasion and financial crime | … | 24 | 42 | 53 | 64 | 182 |
| Less: Projected revenues | — | — | −11 | −22 | −28 | −60 |
| Net fiscal impact | — | 24 | 31 | 31 | 36 | 122 |
… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.
What the budget says
“To make it harder for criminals to evade taxes: Budget 2026 proposes to provide $182.4 million over four years, starting in 2027-28, to the Canada Revenue Agency to strengthen its capabilities to investigate tax evasion and work with law enforcement partners to combat money laundering and disrupt the flow of illicit income.”
Budget 2026, p. 279 (PDF p. 295)
Amounts named in the text
Stated amounts can cover different periods, cash or accrual bases, previously announced money and loans. They are not additive with the cost line above.
- $182.4 million over four years, starting in 2027-28
- $60.3 million
Also in this section
- Delivering Canada's National Anti-Fraud Strategy$6MProgram spendingAI & digital
- Modernising privacy legislationno cost lineNo cost line
- Protecting against economic abuseno cost lineNo cost line
- Detect, disrupt, deter financial crimesno cost lineNo cost line
- Addressing national security risks from investments by financial institutionsno cost lineNo cost line
- Consulting on Canada's Common Reporting Standard rulesno cost lineNo cost line