David Smith convicted of tax fraud

    LONGUEUIL, QC, June 26 /CNW Telbec/ - David Smith, of Candiac, pleaded
guilty today of tax fraud charges before the Court of Québec. He was fined $13
836, which represents 50% of the federal tax he tried to evade.
    The Canada Revenue Agency (CRA) investigation revealed that for the 2006
taxation year, David Smith voluntarily contravened the Income Tax Act by
introducing a false expense for Smith et Koenka Architectes totalling an
amount of $119,126.70 during the course of an audit, in an attempt to reduce
his taxable income
    The vast majority of Canadians pay their taxes in full and on time. In
fairness to them, the CRA has put into place effective and rigorous programs
to identify those people who try to avoid paying taxes.
    In addition to the fines imposed by the Court, M. Smith will have to pay
the full amount of taxes owing plus interest and any penalty that may apply.

    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: media: Serge Paradis, Communication Manager,
(514) 283-2464, ext. 8225, Toll free: 1-800-292-3430, ext. 8225

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