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
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
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