Huntsville man fined for not filing tax returns
Bracebridge, Ontario, December 1, 2009... Winston Watson, of Huntsville, pleaded guilty in Bracebridge on November 24, 2009, to three counts of failing to file income tax returns. He was fined $3,000. 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 Canada Revenue Agency (CRA).
Watson pleaded guilty for failing to file his 2000, 2001 and 2002 personal income tax returns. He was given six months to pay the fine. The returns have since been filed.
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 full disclosure before the Agency starts any action or investigation against them. These individuals 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 http://www.cra-arc.gc.ca/voluntarydisclosures/inex.html.