The Canada Revenue Agency (CRA) announced today that Reginald Mercer, of Bay Roberts, NL, was sentenced on October 20, 2017, in Harbour Grace Provincial Court, to a court imposed fine of $148,105 after previously pleading guilty to tax evasion under the Income Tax Act and the Excise Tax Act.
The Canada Revenue Agency (CRA) announced that James Harvey Cameron, a former resident of Calgary, has been sentenced to 11 years in jail and fined $550,892 after defrauding investors of over $2.5 million through a deceptive investment scheme.
Canadians work hard to support their families and to pay their taxes. They also expect their Government to work hard on their behalf to ensure a tax system that is responsive, fair and where everyone pays their share.
The Government of Canada is committed to ensuring tax fairness for all Canadians, and recognizes the importance of small and medium businesses in creating jobs and growing the economy. This is why it made a commitment to overhaul its service model so that people who interact with the Canada Revenue Agency (CRA) feel like valued clients, not just taxpayers.
On Tuesday, June 27, 2017, the Honourable Diane Lebouthillier, P.C. M.P., Minister of National Revenue, and the Honourable Jean-Yves Duclos, P.C., M.P., Minister of Family, Children and Social Development, will release a report on Serving You Better consultations with small and medium businesses.
Canadians are entitled to a fair and equitable tax administration – one which allows them to resolve disputes when they disagree with a tax decision made by the Canada Revenue Agency (CRA). The CRA understands that the resolution of income tax objections in a timely manner gives Canadians the certainty they need to make informed decisions for themselves and their families.
The Government of Canada recognizes the importance of ensuring a healthy, competitive, and stable housing market for all Canadians, while also working to improve tax fairness. To that end, the Government of Canada has taken significant steps to address tax cheating in real estate transactions.