If you have been audited by the Canada Revenue Agency (CRA) and charged with tax evasion, you will need a criminal defense lawyer to review your case. The CRA oversees the individual and commercial tax revenues throughout all jurisdictions in Canada. As you may now be aware, The CRA is demanding in their expectations, and they have an explicit and unforgiving approach to tax filings, payment timelines, and penalties.
It reads under the Federal Income Tax Act section 2(1) that tax is payable by persons residing in Canada. An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year. Non payment, or tax evasion, becomes a federal offence. If you have been audited and found to be evading payment of your assigned taxes, then you need to get in contact with a tax evasion lawyer to scrutinize the case against you and protect your rights.
Corporate Tax Evasion
Again, under the Federal Income Tax Act it is the obligation of every corporation to file a tax return. Section 193(1) declares, every corporation that is liable to pay tax must on or before the day which it is required, file its return of income.
The corporate evasion of tax is addressed under 193(5) of the Income Tax Act, where a corporation is liable to pay tax, evades or attempts to evade payment of the tax in any manner whatever, and a purchaser of the share (or a partnership, or member of the partnership) knew or ought to have known that the corporation would willfully evade or attempt to evade the tax, shall be deemed to have participated in tax evasion.
If you are found guilty of fraud regarding tax evasion, you may be guilty of an indictable offence. The maximum penalty you be held liable to is a term of imprisonment not exceeding 14-years, where the subject-matter of the offence exceeds five thousand dollars.
How to Prepare Your Tax Evasion Case?
First, you need to retain a qualified tax evasion lawyer. Tax evasion charges in Canada are a highly complex and if pursued will likely lead to associated charges such as fraud. If you are convicted of tax evasion, the punitive actions can be severe. In addition to paying back-taxes, you may be subjected to: seizure of personal assets and property, compounding interest (on unpaid taxes), and possibly incarceration with significant jail time depending on the severity of the situation.
Common Tax Evasion Charges
- Tax evasion
- Failure to pay GST
- Failure to pay corporate tax
- Failure to pay provincial tax
- Filing a false statement
- Misleading statement
- Failure to file
Contact Our Tax Evasion Lawyers Today
The CRA doesn’t operate within typical parameters of Provincial court; they have access to a group of Federal prosecutors with a depth of experience and resources to extract whatever assets they can from you for the Government of Canada. If you been audited and found to have a record of non-payment, you are liable for tax evasion. Don’t risk losing this case to careless mistakes in filing. The tax evasion lawyers at the Law Office of Regina Criminal Lawyers understand the strict rules of the CRA and we know that issues of tax evasion are typically caused through a misunderstanding in the filing procedure. Let us help you protect your financial interests: contact Regina Criminal Lawyers today.