The penalties for fraud and theft in Canada vary based on the value of the property involved and the nature of the offense. For fraud under $5,000 or theft under $5,000, penalties can range from fines to up to 2 years of imprisonment. For fraud over $5,000 or theft over $5,000, the penalties are more severe, with potential prison sentences of up to 14 years. Commercial crimes, which often involve large-scale or sophisticated fraud schemes, can lead to even harsher penalties, including significant fines and lengthy prison terms.