Chicoutimi insurance broker convicted on charge of tax evasion

Gestion MRCI Inc., known under the company name of AssurExperts Gingras Jacques Lajoie et Associs lte, of Chicoutimi, has been found guilty of tax evasion by the Court of Quebec.
In a press release, the Canada Revenue Agency (CRA) notes the corporation was fined Cdn$210,453, which, the CRA notes, represents 100% of the federal tax it tried to evade.
The CRA said it conducted an investigation revealing that, for the 2001 and 2002 tax years, AssurExperts Gingras Jacques Lajoie et Associs lte willingly failed to report a total of Cdn$787,602 in corporate income using a system-based, accounting tax fraud scheme.
The investigation revealed the complex workings of the scheme as well as its main components, the CRA announced in its release. Using fake accounts receivable and thousands of business record entries in a homemade computer program, the corporation falsified its corporate income for the 2001 and 2002 tax years, thereby trying to avoid paying corporate income tax.
According to the court record, the CRA investigation found that the money linked to this undeclared income was then transferred in large banks in Canada and in the Bahamas.
“Tax evasion takes money away from the services that benefit all Canadians,” said William V. Baker, CRA Commissioner. “The Canada Revenue Agency takes action against those who try to avoid paying what they owe.”