Sherbrooke lawyer sentenced for tax evasion
SHERBROOKE, QC, Feb. 25, 2014 /CNW Telbec/ - Marco-Pierre Caza, a Sherbrooke lawyer, was found guilty of tax evasion today before the Court of Quebec in Sherbrooke. The amount of the fine will be set at a later date. In addition to this fine, Mr. Caza will have to pay the full amount of tax owing, plus related interest and any penalties that apply.
The Canada Revenue Agency (CRA) investigation revealed that Mr. Caza voluntarily contravened the Income Tax Act by claiming a total of $122,552 in inadmissible expenses on his 2006 to 2008 income tax returns. These inadmissible expenses came, for the most part, from renovation work done on Mr. Caza's personal residence but invoiced to a property management partnership he is the controlling partner of.
The above information was obtained from the court records.
Tax evasion takes money away from government services that benefit all Canadians. The CRA takes action against those who try to avoid paying what they owe.
Taxpayers who have not filed returns for previous years or who have not reported all of their income can still voluntarily correct their tax affairs. They may not be penalized or prosecuted if they make a valid disclosure before they become aware of any compliance action being taken by the CRA against them. These taxpayers may only have to pay the taxes owing, plus interest. More information on the Voluntary Disclosures Program can be found on the CRA Web site at www.cra.gc.ca/voluntarydisclosures.
Additional information on convictions can be found on the Media page of the CRA Web site at www.cra.gc.ca/convictions.
SOURCE Canada Revenue AgencyFor further information: