what if you don't pay Canada taxes?

[sympatico1]

I've red CRA tax penalty

5% on the amount I owe and 1% compound on each month up to 12 month

So basically I will be chared around (17-20%) in case I get caught.

Is there more penalty? or imprisonment?

I want to know what was the highest penalty so far that somebody was charged in the canadaian court (court precedent dicision)

I know that's an ood question, but it is nice to know !!!

Thank

[nelsona]

Why don't you contact them, and ask.

[Carson]

Why don't you contact them, and ask.

- or you could just do a Google search "Canada tax evasion penalties".

[Rickerbucks]

Having said that, if you have a large enough problem you might want to consider talking to a tax ATTORNEY - NOT AN ACCOUTANT - and have them negotiate for you.

Candidly I have heard that CRA is willing to negotiate on situations if there is a good faith attempt to "settle up".

If you have merely failed to file for ONE year, or failed to declare an item deliberately or unintentionally, then the financial penalaties would probably be all.

CRA is not interested in chasing people to jail so long as they get their money. Of course that is just my relatively uninformed opinion. Those with greater experience could chime in.