Brampton, Ontario, March 5, 2013...The Canada
Revenue Agency (CRA) announced today that Mr. Adegboyega Adenekanad
Adebukunola pleaded guilty on March 1, 2013 in the Ontario Court of
Justice in Brampton, to one count of fraud over $5,000 under the Criminal Code.
He was sentenced to a six-month conditional sentence of house arrest,
not including time already served in custody, and an additional three
years’ probation. A condition of Adebukunola’s sentence and probation is
that he is not to assist in preparing or filing income tax returns.
Mr. Adebukunola operated KAAL Associates Limited, providing tax
preparation services, financial planning and accounting related services
from 2005 to 2010. A CRA investigation discovered that false charitable
donation claims totalling $858,897 were made on 129 income tax returns
prepared by Mr. Adebukunola for clients for the 2004 to 2009 tax years.
The false claims were supported by fraudulent charity receipts that
appropriated the names of two charities without their permission or
knowledge. The false claims reduced the amount of federal taxes owed by
$245,602.
Mr. Adebukunola was arrested in the United States on an international
warrant and returned to Canada at the request of Canadian authorities.
He remained in custody during the process.
The information in this news release was obtained from the court records.
“Canadian taxpayers must have confidence in the fairness of the tax
system,” said Vince Pranjivan, Deputy Assistant Commissioner, Ontario
Region, CRA. “To maintain that confidence, the Canada Revenue Agency is
determined to hold tax evaders accountable for their actions.”
Taxpayers who claim false expenses, credits or rebates from the
government are subject to serious consequences. They are liable not only
for corrections to their tax returns and payment of the full amount of
tax owing, but also to penalties and interest. In addition, if convicted
of tax evasion, the court may fine them up to 200% of the tax evaded
and sentence them for up to a five-year jail term.
Taxpayers 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 may not be penalized or prosecuted if they make a
valid disclosure before they become aware of any compliance action being
initiated by the CRA against them. These taxpayers may only have to pay
the taxes owing, plus interest. More information on the Voluntary
Disclosures Program (VDP) can be found on the CRA's Web site at www.cra.gc.ca/voluntarydisclosures.
Further information on convictions can also be found in the Media Room on the CRA website at www.cra.gc.ca/convictions.
Canada Revenue Agency
This a a reproduction copy of an official work that is published by the Government of Canada and that the reproduction has not been produced in affiliation with, or with the endorsement of the Government of Canada.
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