What is Tax Evasion in Canada?

What is Tax Evasion in Canada? Canada Revenue Agency (CRA) auditors are required to bring tax evaders to account, collect the taxes interest and penalties. if you have undeclared income, for instance, you could be penalized or prosecuted for tax evasion. Farber Tax...

Does Tax Evasion in Canada Always Mean Jail Time?

Tax evasion in Canada is a very serious criminal offence, and many Canadians are faced with court each year as a result of tax non-compliance. Depending on various factors, tax evasion can result in hefty fines, house arrest and a jail term. However, although tax...

Restaurant Owners with Point-of-Sale Terminals (P.O.S.) Look Out!

The restaurant business has long been an industry that the Canada Revenue Agency monitors for possible tax evasion schemes. As all restaurant owners and their advisors know, it can be an incredibly difficult industry to compete in and underreporting of sales is very...