Yes, you can go to jail for tax evasion in Canada. Tax evasion is a crime. Whether you are hiding assets or money in foreign countries or cheating on your taxes in Canada, the consequences are very serious. It has a financial cost that can be very savere. Being convicted of tax evasion can lead to court imposed fines, fingerprinting, jail time and a criminal record. When taxpayers are convicted of tax evasion, they must still repay the full amount of taxes owed plus interest as well as civil penalties assessed by the CRA