Tag Archives: Voluntary Disclosure Program

JAIL TIME FOR OPTOMETRIST FOR TAX EVASION

In a trial by jury in the Superior Court of Justice in Windsor, Dr. Jack Klundert, an optometrist, was found guilty of one count of tax evasion on May 20, 2010.  Dr. Klundert had received $1.4 million in professional income from 1993 to 1997, however, he reported his professional income as nil on his 1993, […]

$27,010 Fine Imposed for Tax Evasion

As a result of failing to report income on personal income tax returns for 2005 and 2006, Daniel Brown was charged with two counts of tax evasion.  Mr. Brown pleaded guilty and was fined $27,010 in the Ontario Court of Justice in Kitchener.  In failing to report income totaling $226,185 Mr. Brown tried to evade […]

$2,000 Fine for Guelph Corporation

As a consequence of failing to file corporate returns for 2005 and 2006, Soda Trading International Inc. was fined $1,000 for each count of failure to file, resulting in a total fine of $2,000. Mr. Stephen McDonald, a corporate officer of Soda Trading International Inc., pleaded guilty to both counts. The corporation filed the outstanding […]

$4,000 Fine For Owen Sound Resident

After failing to file personal tax returns from 2001 to 2004 inclusive, Marie Philp of Owen Sound was charged with four counts of failure to file tax returns. She pleaded guilty to all four counts and was fined $1,000 for each count, the total fine being $4,000. Subsequent to charges being laid, Ms. Philp filed […]

Time Served and $80,000 Fine in London, Ontario

Subsequent to two charges of tax evasion, two charges of obtaining income tax refunds to which he was not entitled and two charges of obtaining benefits to which he was not entitled, Gordon Jackson was taken into custody on November 28, 2009.  He pleaded guilty to all charges in the Ontario Court of Justice in […]

The Voluntary Disclosure Program – Do You Qualify to Make a Voluntary Disclosure Application?

What does a late tax filer, a taxpayer who donated to a “bogus charity” and a taxpayer with undisclosed offshore income have in common? Well, if the CRA hasn’t contacted them yet, they all may be able to file an application under the Voluntary Disclosure Program and avoid penalties. The Voluntary Disclosure Program was put […]

Real Estate Agent in Kingston fined $7,000

Gayle Caldwell of Kingston Ontario pleaded guilty in the Ontario Court of Justice on April 9, 2010 on one count of tax evasion and on another count of GST evasion. Gayle Caldwell did not report all of her income for 2001 through 2005. She also did not report the GST collectable on her GST returns […]

If you have unreported income in offshore accounts, look out because the CRA is after you!

This past week the Minister of National Revenue announced that they have received information from the government of France that about 1000 Canadians hold accounts with the HSBC bank in France. The CRA also announced that they have begun a series of audits. The largest accounts are now being audited, and others will follow. All […]

Thanks to the H.S.T. the CRA Now Has More Auditors Than Ever!

The McGuinty government used many sell points when promoting the H.S.T. Some examples include; making some industries more competitive and reducing accounting expenses for business across the board. Prior to the new H.S.T., you would be required to collect and remit G.S.T. and in some cases also P.S.T.. If you fell behind remitting your taxes, […]

The Importance of a Paper Trail

Cash is ubiquitous. We use it everyday, everywhere. Despite what some people may think, the government does not care if you pay for your purchase or receive payment with cash or credit as long as you have evidence to record the transaction. Missing documentation for cash transactions may cause some of your expenses to be […]