The Canada Revenue Agency (CRA) and the federal Department of Justice have struck a behind-the-scenes deal with Iris Technologies, a Mississauga, Ontario telecom company accused of participating in a $63 million tax refund “sham.” Despite these serious allegations, the CRA has suspended efforts to seize the company’s assets.
Earlier this year, the CRA agreed to halt asset seizure actions, and in exchange, Iris Technologies removed the names of specific CRA officials from its lawsuit against the agency. This deal was discovered through Federal Court records reviewed by The Fifth Estate.
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The CRA has accused Iris Technologies of acting as the “banker” in an international scheme exploiting weaknesses in the Canadian tax system, resulting in the payment of illegitimate tax refunds. In 2020, the Federal Court of Canada issued a writ authorizing the seizure and sale of the company’s assets, yet the CRA has not pursued collection aggressively.
The Department of Justice reiterated in a March court filing that Iris Technologies participated in a scheme to defraud