Monday, August 26, 2013
Extension of the electronic filing season
As
part of our ongoing efforts to improve electronic filing processes, the
Canada Revenue Agency (CRA) is pleased to announce the extension of the
electronic filing season for 2012 T1 tax returns. The electronic filing
systems, EFILE Online, EFILE Online Plus and SEND, will be available
until January 17, 2014 instead of November 30.
Residential contractor fined $61,214 for tax evasion
North Bay, Ontario, August 26, 2013 … The Canada
Revenue Agency (CRA) announced today that, on August 23, 2013, Ronald
Foster of Trout Creek, Ontario, pleaded guilty in the Ontario Court of
Justice in North Bay to two counts of tax evasion. Foster was fined
$61,214 which represents 80% of the taxes evaded and unwarranted
benefits received and was ordered to complete 120 hours of community
service. Foster was also ordered to file all tax related income and
information returns on time for the next two years.
Foster, the sole proprietor of a residential construction business called Control One Contracting, failed to report business income totaling $496,254 on his 2007 to 2010 personal income tax returns which resulted in the evasion of $48,782 in federal taxes. Also, as a result of not reporting all of his business income, Foster and his family received a total of $27,736 in Canada Child Tax Benefits and the GST/HST Credits to which they were not entitled.
“Tax evasion takes money away from the services that benefit all Canadians,” said Vince Pranjivan, Deputy Assistant Commissioner of the Ontario Region of the Canada Revenue Agency (CRA). “The CRA takes action against those who try to avoid paying what they owe.”
A CRA investigation revealed that Foster reported large net business losses for the 2007 and 2009 taxations years and lower business profits for 2008 and 2010. Furthermore Foster did this by depositing business income into a personal bank account; on occasion asking customers to pay in cash; or cashing cheques, received from customers, without first depositing them into his bank account.
The court also heard that Foster had a poor compliance history with the CRA in that he did not keep proper books and records and failed to file sub-contractor payment, payroll and GST/HST documentation as required by law.
The preceding information was obtained from the court records.
When taxpayers are convicted of income tax and/or GST/HST evasion, they still must repay the full amount of taxes owing, plus interest and any civil penalties that may be assessed by the CRA. In addition, the court may fine them up to 200% of the taxes evaded and impose a jail term of up to five years.
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.
Foster, the sole proprietor of a residential construction business called Control One Contracting, failed to report business income totaling $496,254 on his 2007 to 2010 personal income tax returns which resulted in the evasion of $48,782 in federal taxes. Also, as a result of not reporting all of his business income, Foster and his family received a total of $27,736 in Canada Child Tax Benefits and the GST/HST Credits to which they were not entitled.
“Tax evasion takes money away from the services that benefit all Canadians,” said Vince Pranjivan, Deputy Assistant Commissioner of the Ontario Region of the Canada Revenue Agency (CRA). “The CRA takes action against those who try to avoid paying what they owe.”
A CRA investigation revealed that Foster reported large net business losses for the 2007 and 2009 taxations years and lower business profits for 2008 and 2010. Furthermore Foster did this by depositing business income into a personal bank account; on occasion asking customers to pay in cash; or cashing cheques, received from customers, without first depositing them into his bank account.
The court also heard that Foster had a poor compliance history with the CRA in that he did not keep proper books and records and failed to file sub-contractor payment, payroll and GST/HST documentation as required by law.
The preceding information was obtained from the court records.
When taxpayers are convicted of income tax and/or GST/HST evasion, they still must repay the full amount of taxes owing, plus interest and any civil penalties that may be assessed by the CRA. In addition, the court may fine them up to 200% of the taxes evaded and impose a jail term of up to five years.
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.
Friday, August 23, 2013
Minister Findlay highlights the Harper Government’s support for Canadian taxpayers
Edmonton, Alberta, August 23, 2013...The Honourable Kerry-Lynne D.
Findlay, P.C., Q.C., M.P., Minister of National Revenue, and Mr. J. Paul
Dubé, Taxpayers’ Ombudsman, today met with members of the local
business community in Edmonton to discuss the Government of Canada’s
commitment to supporting the rights of Canadian taxpayers.
In June 2013, the Harper Government announced the addition of a new right to the Taxpayer Bill of Rights. Under the new right, if taxpayers lodge a service complaint or request a formal review, they can be confident that they will be treated impartially, receive the benefits, credits, and refunds to which they are entitled and pay no more and no less than what is required by law.
“Our Government is committed to ensuring that all Canadians are treated with fairness and respect by the Canada Revenue Agency,” said Minister Finlay. “We want Canadians to know they are entitled to fair treatment without fear of reprisal, and that the Taxpayers’ Ombudsman is there to ensure their service rights are upheld.”
While there is no evidence that Canadians have been subject to reprisal by the Canada Revenue Agency (CRA), the Taxpayers’ Ombudsman heard during his outreach activities that taxpayers would sometimes hesitate to lodge a complaint for fear of being treated differently.
This new right reflects the Government’s commitment to taxpayer fairness and to further strengthen public confidence in the tax administration. It provides Canadians with added assurance that they can bring their concerns to the CRA and trust that they will be investigated fully and impartially.
The Harper Government has demonstrated a firm commitment to support taxpayers in their dealings with the CRA by creating the Office of the Taxpayers' Ombudsman in 2007, which operates independently from the CRA and was established to uphold taxpayer service rights and to provide an impartial review of unresolved service complaints from taxpayers.
Mr. Dubé was the first person to be appointed to the position of Taxpayers’ Ombudsman and this year celebrated his five year anniversary as the Ombudsman.
“Although my office works at arms-length from the CRA, we share the same goal of a tax system that serves Canadians with integrity,” said Mr. Dubé. “The Taxpayer Bill of Rights has a very important role in Canada’s tax system and it is the responsibility of my office to ensure that the service rights within the Bill are respected. I am pleased that the CRA has responded to my office’s recommendation to strengthen the Taxpayer Bill of Rights, and we will continue to collaborate on ways to better serve Canadians.”
Since its establishment, the Office has resolved thousands of requests for assistance from taxpayers.
“I am pleased to see the Office’s dedication to serve Canadians and I am proud of our collaborative work over the last five years,” said Minister Findlay. “I look forward to building on this success in the years to come”.
For more information about the Office of the Taxpayers’ Ombudsman, go to www.taxpayersrights.gc.ca.
For more information on the Taxpayer Bill of Rights, go to www.cra.gc.ca/rights.
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.
In June 2013, the Harper Government announced the addition of a new right to the Taxpayer Bill of Rights. Under the new right, if taxpayers lodge a service complaint or request a formal review, they can be confident that they will be treated impartially, receive the benefits, credits, and refunds to which they are entitled and pay no more and no less than what is required by law.
“Our Government is committed to ensuring that all Canadians are treated with fairness and respect by the Canada Revenue Agency,” said Minister Finlay. “We want Canadians to know they are entitled to fair treatment without fear of reprisal, and that the Taxpayers’ Ombudsman is there to ensure their service rights are upheld.”
While there is no evidence that Canadians have been subject to reprisal by the Canada Revenue Agency (CRA), the Taxpayers’ Ombudsman heard during his outreach activities that taxpayers would sometimes hesitate to lodge a complaint for fear of being treated differently.
This new right reflects the Government’s commitment to taxpayer fairness and to further strengthen public confidence in the tax administration. It provides Canadians with added assurance that they can bring their concerns to the CRA and trust that they will be investigated fully and impartially.
The Harper Government has demonstrated a firm commitment to support taxpayers in their dealings with the CRA by creating the Office of the Taxpayers' Ombudsman in 2007, which operates independently from the CRA and was established to uphold taxpayer service rights and to provide an impartial review of unresolved service complaints from taxpayers.
Mr. Dubé was the first person to be appointed to the position of Taxpayers’ Ombudsman and this year celebrated his five year anniversary as the Ombudsman.
“Although my office works at arms-length from the CRA, we share the same goal of a tax system that serves Canadians with integrity,” said Mr. Dubé. “The Taxpayer Bill of Rights has a very important role in Canada’s tax system and it is the responsibility of my office to ensure that the service rights within the Bill are respected. I am pleased that the CRA has responded to my office’s recommendation to strengthen the Taxpayer Bill of Rights, and we will continue to collaborate on ways to better serve Canadians.”
Since its establishment, the Office has resolved thousands of requests for assistance from taxpayers.
“I am pleased to see the Office’s dedication to serve Canadians and I am proud of our collaborative work over the last five years,” said Minister Findlay. “I look forward to building on this success in the years to come”.
For more information about the Office of the Taxpayers’ Ombudsman, go to www.taxpayersrights.gc.ca.
For more information on the Taxpayer Bill of Rights, go to www.cra.gc.ca/rights.
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.
Thursday, August 22, 2013
Minister Findlay highlights key measures available to Canadian farmers and small agri-businesses
Lethbridge, Alberta, August 22, 2013... The Honourable Kerry-Lynne D.
Findlay, P.C., Q.C., M.P., Minister of National Revenue, and Jim
Hillyer, M.P. for Lethbridge, today met with community and business
leaders to discuss key measures available to Canadian farmers and small
to medium-sized agri-businesses.
“Keeping taxes low for Canadian small businesses is a cornerstone of our Government’s long-term plan for jobs, growth, and prosperity,” said Minister Findlay. “Canada’s farmers and agri-businesses cultivate our land and produce quality products for Canadian and international consumers. Our Government recognizes their contribution to Canada’s economy and we are proud to offer incentives that will help these businesses remain competitive and create jobs across the country.”
Minister Findlay highlighted the following key measures:
Thousands of Canadians—from small business entrepreneurs to seniors to students —have benefited from a broad range of tax benefits and credits that respond to their unique needs. For more information on these and what the CRA is doing to help create jobs and growth for Canadians, go to www.cra.gc.ca/taxsavings.
For more information on the Hiring Credit for Small Businesses, go to www.cra.gc.ca/hiringcredit.
For more information on the Apprenticeship Job Creation Tax Credit, and other investment tax credits, go to www.cra-arc.gc.ca/smallbusiness and select “Investment Tax Credit.”
For more information on SR&ED, go to www.cra.gc.ca/sred.
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.
“Keeping taxes low for Canadian small businesses is a cornerstone of our Government’s long-term plan for jobs, growth, and prosperity,” said Minister Findlay. “Canada’s farmers and agri-businesses cultivate our land and produce quality products for Canadian and international consumers. Our Government recognizes their contribution to Canada’s economy and we are proud to offer incentives that will help these businesses remain competitive and create jobs across the country.”
Minister Findlay highlighted the following key measures:
- The Hiring Credit for Small Businesses (HCSB) gives small businesses relief from the employer’s share of employment insurance (EI) premiums by crediting up to $1,000 on the payroll account. There is no application form to complete for the HCSB. For employers whose total employer EI premiums were $15,000 or less in 2012, a credit of up to $1,000 will automatically be calculated based on the increase of an employer’s EI premiums paid in 2013 over those premiums paid in 2012.
- The Apprenticeship Job Creation Tax Credit is a non-refundable investment tax credit equal to the lesser of $2,000 or 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment. Eligible apprenticeships include jobs such as agricultural equipment technicians (in most provinces), and heavy duty equipment technicians.
- The Scientific Research and Experimental Development Program (SR&ED) is a federal tax incentive program administered by the Canada Revenue Agency (CRA) that encourages Canadian businesses of all sizes and in all sectors to conduct research and development in Canada. The SR&ED program allows agricultural producers to access investment tax credits (ITC) earned on contributions made to agricultural organizations that fund SR&ED. Canadian-controlled private corporations, including agri-business, can earn a refundable ITC of 35% on up to $3 million in qualified SR&ED expenditures for SR&ED carried out in Canada. The ITC is fully refundable on qualified SR&ED current expenditures and 40% refundable on qualified SR&ED capital expenditures.
Thousands of Canadians—from small business entrepreneurs to seniors to students —have benefited from a broad range of tax benefits and credits that respond to their unique needs. For more information on these and what the CRA is doing to help create jobs and growth for Canadians, go to www.cra.gc.ca/taxsavings.
For more information on the Hiring Credit for Small Businesses, go to www.cra.gc.ca/hiringcredit.
For more information on the Apprenticeship Job Creation Tax Credit, and other investment tax credits, go to www.cra-arc.gc.ca/smallbusiness and select “Investment Tax Credit.”
For more information on SR&ED, go to www.cra.gc.ca/sred.
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.
Friday, August 9, 2013
The ability to file your taxes online is now available via http://crunchnnumb3rs.ca/filetaxes.html . This will enable you to file your taxes online with the purchase of TurboTax Canada 2012 Online Standard Edition, Premier Edition and Home & Business Software.
Thursday, August 8, 2013
Jail and fine of over $1 million for tax evasion
Ottawa, Ontario, August 8, 2013… The Canada Revenue
Agency (CRA) announced today that on August 6, 2013, Thi Phuong Mai Le
of Ottawa, was fined $1,086,845 and sentenced to one year in jail for
tax evasion in the Superior Court of Justice in Ottawa. Le pleaded
guilty to tax evasion and other related charges on January 29, 2007. The
fine represents 150% of the total federal income taxes evaded.
The preceding information was obtained from the court records.
When taxpayers are convicted of income tax and GST evasion, they still must repay the full amount of taxes owing, plus interest and any civil penalties that may be assessed by the CRA. In addition, the court may fine them up to 200% of the taxes evaded and impose a jail term of up to five years.
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
The preceding information was obtained from the court records.
When taxpayers are convicted of income tax and GST evasion, they still must repay the full amount of taxes owing, plus interest and any civil penalties that may be assessed by the CRA. In addition, the court may fine them up to 200% of the taxes evaded and impose a jail term of up to five years.
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
Saturday, August 3, 2013
CRUNCH N' NUMB3RS Public Mobile Contest Winner July 2013
Congrats to our @PublicMobile July 2013 Contest Winner Christopher J from Oshawa, ON, who won their one month bill paid by @CRUNCHNNUMB3RS www.crunchnnumb3rs.ca
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