The Canada Revenue Agency announced that Isaac (Ike) Amoako was sentenced in the Ontario Superior Court in Toronto on June 16, 2011 to two years imprisonment on two counts of fraud over $5,000. Amoako pleaded guilty to the charges on February 23, 2011. Amoako, aged 48 years, was a shareholder and director of Orbit Financial … Read more
The Canada Revenue Agency warns all Canadians to beware of telephone calls, mail, or email that claim to be from the Canada Revenue Agency but are not. These are phishing scams that could result in identity thefts. Call 613-952-9184.
The Canada Revenue Agency said it has recently uncovered a fraudulent scheme in which taxpayers claim large losses or expenses equal to their personal expenses such as payments for mortgages, personal loans, vehicle loans and common everyday expenses. In this scheme, taxpayers use a CRA business number to submit information slips for amounts related to … Read more
The Canada Revenue Agency announced prescribed annual interest rates that will apply to amounts owed to the CRA and to amounts the CRA owes to individuals and corporations. The interest rate charged on overdue taxes, Canada Pension Plan contributions, and Employment Insurance premiums will be 5 per cent. The interest rate to be paid on … Read more
Revenue Minister Gail Shea (Egmont, PE) announced that the next phase of Canada's Economic Action Plan will benefit families and businesses in Atlantic Canada through a low-tax plan for jobs and growth. Shea said the next phase of the plan includes providing a temporary Hiring Credit for Small Businesses to encourage additional hiring by this … Read more
Revenue Minister Gail Shea (Egmont, PE) highlighted the Next Phase of Canada's Economic Action Plan's benefits to families and businesses in Atlantic Canada, a low-tax plan for jobs and growth, which keeps the government on track to return to balanced budgets. Shea said the government is focused on the economy, supporting hardworking Canadians and their … Read more
The Canada Revenue Agency announced that Mohammad Ali Moarefdoust pleaded guilty on June 2, 2011, in the Ontario Court of Justice in Hamilton, to five counts of income tax and Goods and Services tax evasion as the Director of 1127834 Ontario Ltd., and 1206877 Ontario Ltd. He was fined a total of $168,552, and given … Read more
The Canada Revenue Agency announced today that Nicole Brown of Whitby, ON, pleaded guilty to one count of tax evasion in the Oshawa Ontario Court of Justice. The agency said that Brown was fined $17, 482 and given 12 months to pay the fine. Call 613-961-2081.
National Revenue Minister Gail Shea (Egmont, PEI) announced that she would like to remind Canadians that taxpayer relief provisions are available if they are unable to meet their tax obligations due to a recent natural disaster. Shea said that she sympathized with what Canadians are going through and would like to ensure that they have … Read more
Following the announcement by the Canadian Union of Postal Workers of a possible postal strike, the Canada Revenue Agency is reminding taxpayers and businesses to sign up for the direct deposit of their benefit payments and tax refunds. The Canadian Revenue Agency administers several federal, provincial and territorial benefit programs. The full release is available … Read more
