Canada Revenue Agency

Canada Revenue Agency

August 09, 2007 14:38 ET

Canada Revenue Agency: News Release

Thornhill business owner pleads guilty to tax evasion

NEWMARKET, ONTARIO--(Marketwire - Aug. 9, 2007) - Icheskal Teyer, of Thornhill, pleaded guilty to one count of income tax evasion in the Ontario Court of Justice in Newmarket on May 4, 2007. Today, he was fined $22,919, which represents 100% of the federal income tax he evaded. Mr. Teyer was given six months to pay.

Teyer, operating a sole proprietorship under the name Teyer Security, installed alarm security and intercom systems. A Canada Revenue Agency (CRA) investigation revealed that he understated his taxable income by failing to report deposits of business sales for services rendered to various clients. Teyer also failed to report the value of shares he received for services rendered to an alarm monitoring service company, as well as a taxable capital gain resulting from the disposition of shares. In total, he failed to report taxable income totalling $91,892 on his 2000 personal income tax return.

When individuals or corporations are convicted of tax evasion, they have to pay the full amount of tax owing, plus interest, and any penalties the CRA assesses. In addition, the court may, on summary conviction, fine them up to 200% of the tax evaded and sentence them to a two-year jail term. The CRA may also assess a penalty of up to 50% of the tax evaded or the benefit improperly claimed.

The information in this news release was obtained from the court records.

Further information on convictions can also be found in the Media room on the CRA website at www.cra.gc.ca.

Contact Information

  • Media information:
    Canada Revenue Agency
    Jelica Zdero, Communications Manager
    (905) 615-2126