Palgrave businessman fined for not filing tax returns

Brampton, Ontario, June 5, 2013… The Canada Revenue Agency (CRA) announced today that on April 26, 2013, Vincent Ursini, of Palgrave, Ontario, pleaded guilty in Ontario Court of Justice in Brampton, Ontario, to two counts of failing to file T2 corporation returns, as well as one count of failing to file a T1 return. Mr. Ursini was fined $1,000 per count, for a total of $3,000.

The court ruled that Mr. Ursini, sole director of NVD International Inc., failed to file the corporation’s T2 tax returns for the 2009 and 2010 tax years. Mr. Ursini also failed to file his own personal T1 return for the 2007 tax year. He has six months to pay the fine. All outstanding tax returns have since 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.

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 be found in the Media Room on the CRA website at www.cra.gc.ca/convictions.

Canada Revenue Agency

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