Revenue Quebec recuperates record $3.9 billion in back taxes

Revenue Quebec recuperates record $3.9 billion in back taxes

Quebec City (Quebec) 03 September, 2014 – The Quebec tax collection Agency (Revenu Québec ), managed to recover a record amount of unpaid taxes and money due in the last fiscal year 2013-2014. It represents $402 million more than ever retrieved before.

A program set up several years ago to find and recapture unpaid taxes is finally paying off.

To break things down, they reclaimed $23 million from the tobacco industry, $427 million from the restaurant trade, $397 million from construction companies – all clients who had either never paid the taxes or who were not claiming their true amounts of income.

Special tax reporting software was installed in restaurant computers some 3 years ago which has helped to avoid non-recorded billing, a practice that was very common among the restaurant business. Such software will also be mandatory in all bars by June 1, 2015, another commerce where billing is often untraceable.

In the coming years Revenu Québec is also going to investigate how to tax the construction industry more efficiently.

Some other interesting numbers: $88 million was discovered from poor accounting practices by certain companies, $22 million from job placement agencies and surprisingly enough, $55 million from people who actually owned up to having cheated the government in the past. A matter of having a clear conscience no doubt.

The agency has also set up a certain surveillance system to scrutinize people who seem to be living above their means, in other words, spending more money than they are supposedly making, which always looks suspicious. This particular year brought in $33 million extra bucks from such investigations.

Oddly enough there are also a number of people who have never filed their income tax. If you are one of these people, beware, it appears that Big Brother is coming after you and you won’t be able to hide much longer.
Life in Québec staff writer

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