The Taxman Cometh
The Canada Revenue Agency announced a fine of C$16,232 (US$13,150) against Winnipeg, Man., bookkeeper Audrey Shuster after she was convicted of embezzling more than C$73,000 from her employer over a period of two years. At the time, she was on probation for taking C$129,000 from a local charity. She was sentenced to 2.5 years in prison for the second theft, but the tax agency tacked on the fine because she failed to pay income tax on her ill-gotten gains. As long as the fine goes unpaid, interest and penalties will accumulate. “The Income Tax Act doesn’t distinguish between illegal and legal activities,” explained CRA spokeswoman Emilia Kotris. “It’s all earned income.” (Winnipeg Sun) ...Or, as the case may be, unearned income.
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