Canada

Whistleblower Reward Laws in Canada

Offshore Tax Evasion – Securities Violations

The Canada Revenue Agency has an Offshore Tax Informant Program (“OTIP”).  The OTIP offers awards to whistleblowers if the information leads to a compliance or enforcement action which results in the collection of more than CAN $100,000 of federal tax.  The award amount will be between 5% and 15% of the tax collected.

The Ontario Securities Commission Office of the Whistleblower also offers awards for whistleblowers who provide information regarding violations of Ontario securities law.  The range for awards is 5% to 15% of the total monetary sanctions ordered and/or voluntary payments made, up to a maximum of CAD $5 million (or CAD $1.5 million if the recovery is less than CAD $10 million).