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Every one who is found guilty of Theft Over $5000 is guilty of an indictable offense that is punishable by a term of imprisonment up to ten years.
There is no statute of limitation in Canada. That means you can still be charged for an alleged crime after indefinite years. Yet many people seem to think that they can't be sued or can't be sued again after a time.
Theft over $5,000 is a serious indictable offence, and carries a maximum penalty of 10 years in prison.
In Canada any theft totaling under $5000 in value is classified as "theft under $5000" as per Section 334 (b) of the Criminal Code. Theft under $5000 is a Crown elect/hybrid indictable (felony) offence which carries a maximum penalty of two years in prison.
Penalties for Theft Section 334 of the Code splits theft into two categories: theft over $5,000 and theft under $5,000. Theft over $5,000 is usually treated as an indictable offence, with a maximum penalty of 10 years in prison, with lesser penalties given if the charge is treated as a summary conviction.