BRAMPTON, ONTARIO--(Marketwired - April 1, 2014) - The Canada Revenue Agency (CRA) announced today that on March 21, 2014, Ken Gibbs, of Etobicoke, Ontario, pleaded guilty in the Ontario Court of Justice in Brampton, to seven counts of failing to file personal and GST/HST returns. Gibbs was fined $1,000 per count, for a total of $7,000. He was given 12 months to pay the fine. All outstanding returns have been filed.
Gibbs pleaded guilty to two counts of failing to file his 2010 and 2011 personal income tax returns. As proprietor of a heating, ventilation, and air conditioning business, operating under the name of Kentec Services, Gibbs also pleaded guilty to five counts of failing to file GST/HST returns from January 1, 2007 to September 30, 2008. The CRA made several requests for the missing returns before serving Gibbs with notices demanding that the returns be filed. Failure to comply with these notices resulted in charges being laid.
The preceding information was obtained from the court records.
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 CRA.
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 website at www.cra.gc.ca/voluntarydisclosures.
Further information on convictions can be found in the Media Room on the CRA website at www.cra.gc.ca/convictions.