View: The taxman’s reach is growing. Here's how to ensure taxpayers' rights are protected

View: The taxman’s reach is growing. Here's how to ensure taxpayers' rights are protected

Expanding the coverage of the statement of financial transactions (SFT) — annual information returns, in its earlier avatar, obtained from various sources — that identify potential taxpayers by examining spending patterns is fine. The only limit on how much data is collected is the tax department’s ability to use what is collected, while safeguarding data against misuse.

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