MONTREAL, June 18 /CNW Telbec/ - Montreal's 3549861 Canada Inc, pleaded
guilty today to tax fraud charges before the Court of Quebec. The business was
fined $53,000 which represents 100% of the federal tax evaded.
The Canada Revenue Agency (CRA) investigation revealed that for the 2003,
2004 and 2005 taxation years, 3549861 Canada Inc. contravened the Income Tax
Act by omitting to declare commission income totalling $159,760. This scheme
enabled the business to evade a corporate tax of $21,000 and its administrator
a personal income tax of $32,000.
In addition to the fines imposed by the Court, the company will have to
pay the full amount of taxes owing plus interest and any penalty that may
"The overwhelming majority of Canadians pay their taxes in full and on
time," said William V. Baker, CRA Commissioner. "In fairness to them, the
Canada Revenue Agency makes sure that people who try to avoid paying taxes are
held to account."
Individuals 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 will not be penalized or prosecuted if they make a full
disclosure before the CRA takes any action or starts an investigation
concerning them. These individuals will 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.
The information in this news release was obtained from the court records.
Further information on convictions can be found in the Media Room on the
CRA website at www.cra.gc.ca/convictions.
For further information:
For further information: Christiane Joachim, Communication Manager,
(514) 283-2464, ext. 8288, Toll free: 1-800-292-3430, ext. 8288