OTTAWA - Finance Minister Jim Flaherty said Friday he is no closer to setting the date for the federal budget - but he put tax cheats on notice that it would soon be harder to hide money from the federal government.
In the face of falling revenues, Flaherty's officials are poking through the government playbook looking for tax loopholes to snap shut and fresh traps to set for Canadians who are ducking out of paying all their taxes, he said.
"Everybody should pay their fair share of taxes," he said. "We're looking at some tax policies that create inequalities and some actions regrettably by some who would evade their tax responsibilities."
NDP revenue critic Murray Rankin is glad to see Flaherty take aim at tax cheats but said "the proof will be in the pudding" as to how much revenue it will net.
