Last updated: September 19 2012
Never forget that the Canada Revenue Agency (CRA) doesn't tolerate tax evasion, and it has the power to do something about it. A recent case in point: a Quebec company, Disco-Spec Dagobert Inc., was fined $439,527 for tax evasion. This amount represents 100% of the taxes that the company sought to evade. Additionally, the company will have to pay the full amount of the taxes owing, plus related interest and penalties that have accrued.