A prominent heavy machinery manufacturer in the Saguenay region guilty of tax evasion
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A prominent heavy machinery manufacturer in the Saguenay region guilty of tax evasion
Montréal, Quebec, January 11, 2017… Charl-Pol Saguenay Inc. and one of its administrators, Richard Tremblay, pleaded guilty to tax evasion charges yesterday before the Court of Quebec in Chicoutimi. Charl-Pol Saguenay Inc. and Richard Tremblay were fined $47,729 and $68,764 respectively, which represents 100% of the federal tax they tried to evade. In addition to these fines, they had to pay the full amount of tax owing, plus related interest and any penalties that apply.
The Canada Revenue Agency (CRA) investigation revealed that, for the 2010 and 2011 tax years, Charl-Pol Saguenay Inc. voluntarily contravened the Income Tax Act by failing to report a total of $283,973 from the sale of scrap metal to a local recycling company. As for Mr. Tremblay, he used the proceeds from the sales of the scrap metal as his own.
All case-specific information above was obtained from the court records.
The CRA takes tax evasion very seriously. When an individual or business does not fully comply with tax legislation, an unfair burden is placed on law-abiding taxpayers and businesses and the integrity of Canada's tax base is jeopardized.
If taxpayers have ever made a tax mistake or omission, the CRA is offering them a second chance to make things right through its Voluntary Disclosures Program (VDP). If a valid disclosure is made before the taxpayer becomes aware that the CRA is taking action against them, they may only have to pay the taxes owing plus interest. More information on the VDP can be found on the CRA website.
Additional information on convictions can be found on the Media page of the CRA Web site at www.cra.gc.ca/convictions.
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- Date modified:
- 2017-01-23