Tax evasion occurs when taxpayers attempt to deceive Canada Revenue Agency by knowingly reporting less tax payable than what the law requires them to pay.

Question

Quizplus · Accepted Answer

Tax evasion is illegal and involves deliberately underreporting income, overclaiming deductions or credits, failing to report income, or hiding assets to avoid paying taxes. It is different from tax avoidance, which is the legal use of tax laws to minimize one's tax liability.

Tax Evasion Occurs When Taxpayers Attempt to Deceive Canada Revenue