Representation in the Tax Investigations Program
Filing for taxes is a time of the year that everyone dreads. Some, because they don’t enjoy having to go through the process of visiting their yearly tax filing agency, and others because it sometimes comes with the need to pay back money that they owe. With that being said, there are some individuals who do not file taxes, or that provide illegitimate information on their returns. Although you may assume that this is the end of the road and legal actions will be the only thing left, that is not always the case.
There are criminal investigations that take place when individuals falsify information on their tax returns and sometimes the outcomes can be rather detrimental. This is why it is of the utmost importance that you acquire assistance from a reputable and experienced law firm that knows the rules and regulations of the CRA.
The Criminal Investigations Program in Canada is designed to investigate cases that may pertain to fraud, evasion of taxes, and a variety of other violations that pertain to the tax laws in the country. In Canada, evasion of taxes and tax fraud are the two most common instances of not abiding to tax statutes. With that being said, less and less people are beginning to take advantage of the tax laws. There were over 120 cases in the 2011-2012 tax year that were taken to public prosecution in comparison to only 71 in the 2012-2013 tax year.
The most important thing to remember is that in the event of tax fraud and tax evasion, it is relatively difficult to not get convicted unless you have legal representation. In the 2012-2013 tax year, there were over 53.5 years of jail time given to tax evaders and over $9.95 million in fines were given to those convicted. With approximately 96% of the cases receiving prosecution, it is incredibly difficult to get away with tax evasion.
With that being said, this isn’t a situation that every person will encounter if they falsify information on their tax statements, though, it is important that you ensure that you are truthful to avoid it.
Call today for a free consultation and see how at TDS Lawyers, we ensure that our clients are looked after with the highest regard and total confidentiality. We are your trusted income tax lawyers serving the Lower Mainland and Fraser Valley.