Former Québec city pharmaceutical representative found guilty of tax evasion

QUÉBEC, Dec. 4 /CNW Telbec/ - Serge Bolduc, a former Québec city pharmaceutical representative, was found guilty today of tax evasion before the Court of Quebec . He was fined $46,588 , which represents 100% of the federal tax he tried to evade.

The Canada Revenue Agency (CRA) investigation revealed that, for the 2001 to 2004 taxation years, Bolduc failed to report income of $210,524 from the sale of drugs of various origins to pharmacists and a former pharmaceutical representative. This scheme enabled him to evade $46,588 in federal taxes.

Bolduc must pay the full amount of taxes, all related interest, and any civil penalties that apply, as well as the fine imposed by the Court.

Individuals who have not filed returns for previous years, or who have not reported all of their income, can still voluntarily correct their tax affairs. They will not be penalized or prosecuted if they make a full disclosure before the CRA starts any action or investigation against them. These individuals may only have to pay the taxes owing, plus interest. More information on the Voluntary Disclosures Program can be found on the CRA's Web site at www.cra-arc.gc.ca/voluntarydisclosures.

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

Further information on convictions can be found in the Media Room on the CRA Web site at www.cra.gc.ca/convictions.

For further information: For media: Christiane Joachim, Communications Manager, [phone], ext. 8288, Toll-free: 1-800-292-3430, ext. 8288