On Jan. 14, Gary William Mechar of Kamloops, B.C., was sentenced to four years in prison and ordered to pay $276,655 in restitution to two financial institutions.
It’s no secret that governments are awash in debt. But, where is the money to pay down federal and provincial deficits and accumulated debt going to come from?
A recently released judgment from the Tax Court of Canada testifies to the importance of good record-keeping and exemplifies a clever method that the Canada Revenue Agency (CRA) invokes when investigating taxpayers who hide behind inadequate records.