Sault Ste. Marie, Ontario, May 31, 2013 … The Canada Revenue Agency
(CRA) announced today that on May 27, 2013, Yvon Champagne of Sault Ste.
Marie, Ontario, pleaded guilty in the Ontario Court of Justice in Sault
Ste. Marie, to a total of five counts of failing to file corporate tax
returns. He was fined $5,000.
Champagne, as the director of Mid-Canada Construction Corp., 1187839
Ontario Limited and 1644365 Ontario Inc., failed to file corporate
income tax returns, for the 2008 taxation year, for all three
corporations. He also failed to file corporate income tax returns on
behalf of 1704762 Ontario Inc. for 2007 and 2008. He was fined $1,000
per count and given 12 months to pay the fine.
The preceding information was obtained from the court records.
When taxpayers 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 outstanding tax returns and pay the full amount of
taxes owing, plus interest, as well as any civil penalties that may be
assessed by the CRA.
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 website 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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