WebDefinitions and interpretation. 1 (1) In this Act: "agreeing province" means a province that has entered into an agreement with the government of Canada under which the government of Canada will collect taxes payable under that province's income tax statute and will make payments to that province in respect of the taxes so collected; "amount" has the same … Web242 Where a corporation commits an offence under this Act, any officer, director or agent of the corporation who directed, ... Income Tax Act. 1 - Short Title; 2 - PART I - Income Tax. ... PART XIII - Tax on Income from Canada of Non-resident Persons; 218.2 - PART XIII.1 - Additional Tax on Authorized Foreign Banks;

Income Tax Act, 2000, I-2 - Microsoft

WebOct 18, 2024 · Subsections 238(1) and 239(1) of the Act enumerate the types of conduct that can lead to a non-compliant taxpayer being found guilty of a tax offence. Overview of … phlebology education

Section 276B of Income Tax Act: Compounding Charges, Offence …

Web5. Consequences of tax crime. In addition to having to pay taxes owing, as well as interest and penalties, under the Income Tax Act and the Excise Tax Act, Canadians who are … WebOct 15, 2024 · If a taxpayer is found guilty of a subsection 238 (1) tax offence, the taxpayer is liable upon summary conviction for a fine between $1,000 and $25,000, or a fine plus a maximum term of imprisonment of 12 months. Further, since subsection 238 (1) offences … WebSubsection 244(4) of the Income Tax Act places a limitation period on summary conviction offences of 8 years, while no such limitation exists for indictable offences. Minimum sentences exist for both summary and indictment convictions, however the maximum penalty for summary conviction is limited to 2 years in prison OR 50-200% of the tax ... phlebology research group