It should be noted that under section 8 the Special Economics Measures Act:
Every person who wilfully contravenes or fails to comply with an order or regulation made under section 4
· (a) is guilty of an offence punishable on summary conviction and is liable to a fine not exceeding twenty-five thousand dollars or to imprisonment for a term not exceeding one year, or to both; or
· (b) is guilty of an indictable offence and is liable to imprisonment for a term not exceeding five years.
for more useful tax information visit www.tavana.ca
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