LAVAL, QC, Jan. 9, 2013 /CNW Telbec/ - 9136-3721 Québec Inc., a company managed by Silvana Arrigo, a Laval resident, pleaded guilty to tax evasion charges today before the Court of Quebec in Laval. The company was fined $33,000, which represents 133% of the federal tax it tried to evade. In addition to this fine, 9136-3721 Québec Inc. will have to pay the full amount of tax owing, plus related interest and any penalties that apply.
A Canada Revenue Agency (CRA) investigation revealed that 9136-3721 Québec Inc. voluntarily contravened the Income Tax Act by failing to declare $188,812 in commercial rental income from real estate companies on its corporate income tax returns for the 2004 to 2006 tax years. Also, the company claimed personal expenses of its administrator for the 2004 to 2006 tax years.
The above information was obtained from the court records.
The vast majority of Canadians pay their taxes in full and on time. The CRA has strong and effective programs to identify those who try to avoid paying the tax they owe.
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 started by the CRA against them. These taxpayers may only have to pay the taxes owing, plus interest. More information on the Voluntary Disclosures Program can be found on the CRA's Web site at www.cra.gc.ca/voluntarydisclosures.
More 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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