ST-JEAN-SUR-RICHELIEU, QC, Nov. 9 /CNW Telbec/ - 2640-6496 Québec Inc. and its administrator, Diane Tremblay, both of St-Jean-sur-Richelieu, were found guilty today of tax evasion before the Court of Quebec. They were fined a total of $40,303, which represents 65% of the federal tax evaded. Furthermore, Ms. Tremblay was found guilty of eluding the payment of personal income tax of $24,369 and was sentenced to a fine of 100% of that amount.
The Canada Revenue Agency (CRA) investigation revealed that, for the 2001 to 2004 taxation years, 2640-6496 Québec Inc. voluntarily failed to declare revenues of $466,601, which enabled it to evade $31,002 in federal tax. Its administrator also voluntarily contravened the Income Tax Act by omitting to declare $113,254 in personal income, enabling her to evade $24,369 in federal tax.
In addition to the fines imposed by the Court, the company and its administrator will have to pay the full amount of taxes owing plus related interest and any penalties that apply.
The Canada Revenue Agency pursues tax evaders to maintain public confidence in the integrity of the tax system. Canadians have to trust that our self-assessment system is working and that it is fair.
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.
More information on convictions can be found on the Media room page of the CRA Web site at www.cra.gc.ca/convictions.
SOURCE Canada Revenue Agency
For further information: For further information: For media: Serge Paradis, Communications Manager, (514) 283-2464, ext. 8225, Toll-free: 1-800-292-3430, ext. 8225