|Address||London, ON N5X 2C1, Canada
The Canada Revenue Agency (CRA) announced that S. S..... and his spouse, pleaded guilty on to a total of ten counts of failing to file tax returns in the Ontario Superior Court.
S. S..... pleaded guilty to nine counts and was fined $1,000 per count for a total of $9,000, while his spouse was fined $1,000 for one count. Each was given one year to pay the fine(s).
The court heard that S. S..... failed to file his personal income tax returns for 2008 and 2009. As well, S. S..... failed to file seven quarterly GST returns for V. Investments,for the periods from May 1, 2008 to January 31, 2010. S. S..... failed to file her income tax return for 2008. All outstanding returns have now been filed.
The preceding information was obtained from the court records.
When individuals or corporations are convicted of failing to file tax returns, in addition to any fines imposed by the courts, they are still obligated to file the tax return and pay the full amount of taxes owing, plus interest, as well as any civil penalties that may be assessed by the CRA.
Courts across Canada imposed fines close to $30 million.
The offenders were sentenced to more than 81 years in prison collectively.
Convictions were obtained in 98% of the cases prosecuted.
There is a solution.
Individuals who have not filed returns for previous years, or who have not reported all of their income, can still voluntarily correct their tax affairs.
They will not be penalized or prosecuted if they make a valid disclosure before they become aware of any compliance action being initiated by the Agency against them.
Contact me and let's sit down and talk about what options you have. At the end of the day you have to file regardless. There is no upside to not filing. www.mwstaxes.com
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