Satellite-decoder vendor pleads guilty to tax evasion charges

MONTREAL, June 1, 2012 /CNW Telbec/ - Maher Kasdali, administrator and owner of the Satellicom Company in Montréal pleaded guilty to tax evasion charges on May 30, 2012 at the Montréal Courthouse. He was fined $8,576, which represents 100% of the federal tax he tried to evade. In addition to this fine, Mr. Kasdali will have to pay all federal taxes owing, plus related interest and any penalties that apply.

A Canada Revenue Agency (CRA) investigation showed that, for the 2007 and 2008 tax years, Mr. Kasdali voluntarily contravened the Income Tax Act by failing to report business income from the sale of satellite-decoders, by manipulating his year-end stocks and by claiming unjustified expenses totalling $151,267.

The above information was obtained from the court records.

The overwhelming majority of Canadians pay their taxes in full and on time. In fairness to them, the Canada Revenue Agency makes sure that people who try to avoid paying taxes are held to account.

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 initiated by the CRA against them. These taxpayers may only have to pay the taxes owing, plus interest. More information on the Voluntary Disclosures Program (VDP) can be found on the CRA's 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 AGENCY

For further information:

For media information:

Kareen Dionne
Regional Spokesperson
Telephone: 514-283-2226

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CANADA REVENUE AGENCY

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