TORONTO – Canada Revenue Agency calls you if $10 is “missing” (and if you don’t pay immediately, interest will kick in) but doesn’t think it’s worth recovering $15 billion. Incredible but true, so much so that even the “watchdog” of Canadian finances, Parliamentary Budget Officer Yves Giroux, said he was bewildered to hear the head of the CRA say that it was not “worth” recovering all that money, i.e. the $15.5 billion in potential Covid-19 wage subsidy overpayments. In other words, money ended up in the pockets of those who had no right to receive it.  (more…)