Canada Revenue Agency

Canada Revenue Agency

August 13, 2007 14:51 ET

Canada Revenue Agency: Toronto Businessman Fined $75,000 for Attempting to Obtain Fraudulent Tax Refund

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2007) - Bruce Eldon MacDonald, of Toronto, pleaded guilty to one count of attempting to obtain fraudulent GST refunds in the Ontario Court of Justice in Toronto on August 10. He was fined $75,000, which represents 50% of the refund amount he tried to obtain.

A Canada Revenue Agency (CRA) investigation revealed that, MacDonald, director and officer of Global Trade (2004) Inc., prepared and filed a GST return for the period July to September 2004 in which he claimed false Input Tax Credits. As a result of the false entries, MacDonald tried to obtain $150,000 in Input Tax Credits to which the corporation was not entitled.

Throughout the course of a CRA pre-assessment audit of the GST return, MacDonald provided false or misleading documentation in an attempt to claim the Input Tax Credits.

"Tax evasion costs all of us," said William V. Baker, Commissioner of the Canada Revenue Agency. "The job of our investigators and auditors is to ensure all Canadians pay the taxes they owe."

The information in this news release was obtained from the court records.

Further information on convictions can also be found in the Media room on the CRA website at www.cra-arc.gc.ca/convictions.

Contact Information

  • Canada Revenue Agency
    Sara Monture
    Communications Manager
    905-615-2838