Canada Revenue Agency - Toronto Tax Services Office

Canada Revenue Agency - Toronto Tax Services Office

January 10, 2005 12:01 ET

Canada Revenue Agency: Drywall Contractor Fined $18,588 For Tax Evasion


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CANADA REVENUE AGENCY

JANUARY 10, 2005 - 12:01 ET

Canada Revenue Agency: Drywall Contractor Fined
$18,588 For Tax Evasion

NEWMARKET, ONTARIO--(CCNMatthews - Jan. 10, 2005) - A Richmond Hill
resident was fined a total of $18,588 in the Ontario Court of Justice
after pleading guilty to one count of income tax evasion, and 12 counts
of goods and services tax (GST) evasion. The fine represents 100% of the
tax that he tried to evade.

The Canada Revenue Agency (CRA) discovered that Mr. Antonio Elias, a
self-employed drywall contractor, failed to report $44,100 of business
income on his 2000 income tax return. Mr. Elias collected goods and
services tax (GST) on his sales but failed to remit the amount by
understating his income for various reporting periods on his 1999 to
2001 GST returns. The total amount of GST that he did not remit was
$7,230.

When corporations or individuals are convicted of tax evasion, in
addition to any fines imposed by the court, they are still obligated to
pay the full amount of taxes owing, plus interest, as well as any
penalties that may be assessed by the CRA.

Individuals or corporations who have not filed tax returns for previous
years, not reported all their income, or claimed fraudulent refunds, can
voluntarily correct their tax affairs. They will not be penalized or
prosecuted if they make a full disclosure before the CRA starts any
action or investigation against them. These corporations and individuals
will only have to pay the taxes owing, plus interest.

To take advantage of the voluntary disclosure policy, clients served by
the Toronto North Tax Services Office can call (416) 512-4455 or visit
the CRA website at www.ccra.gc.ca for more information.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Canada Revenue Agency
    Peter Delis
    Communications
    (416) 512-4135