Penalties for Missing the 2013 Income Tax Deadline

Missed the 2013 tax deadline to file your 2012 tax returns? Then you should read this blog as it will give you a high level overview of penalties and interest that you could be facing once you file. First time offender The late filing penalty for taxes owed for 2012...

Average People Do Get Prosecuted by CRA!

When you hear advertisements telling you that if you are behind filing tax returns or have undeclared income that you could be subject to criminal prosecution, know that this is not just a scare tactic. It is very real.  In fact, average Canadians are prosecuted every...

The Summer was Tough for Those CRA Considered to be Tax Evaders

Tax evasion in Canada, or the practice of not reporting or underreporting income in order to avoid paying taxes, is a serious crime, and can carry with it steep fines and sometimes even a lengthy jail term. But getting prosecuted for tax evasion seems pretty unlikely,...