Tag: under-reported income

Tax evasion: What is it and how to defend (I)

A taxpayer may receive a letter from the Canada Revenue Agency (CRA) informing that they have commenced a criminal investigation against him/her. Most of the criminal investigations relate to tax evasion, which involves an illegal breach of specific statutory duties…

Underreported your income or missed tax returns? Tax amnesty may help you

If you have never filed all your income tax returns or have filed them incorrectly, Revenue Canada’s Voluntary Disclosure program, often called “tax amnesty,” may be for you. If you have missed to report your income and pay the corresponding…