Tax eva­sion re­sults in fine

Up­per Is­land Cove man failed to file taxes in 2008 and 2009

The Compass - - EDITORIAL OPINION -

An Up­per Is­land Cove man has been fined $2,000 for fail­ing to file his per­sonal in­come tax re­turns for two years.

Ac­cord­ing to a news re­lease is­sued by theCanada Rev­enue Agency (CRA), Scott Fry was fined in pro­vin­cial court in Har­bour Grace on Mon­day, June 6 on two charges of fail­ing to file his 2008 and 2009 per­sonal in­come tax re­turns.

He was or­dered to pay the fine within one year. Fry was also given 30 days to file the out­stand­ing tax re­turns with the CRA.

In ad­di­tion to the court fine, he must pay the out­stand­ing taxes ow­ing plus in­ter­est and penal­ties, ac­cord­ing to a spokes­woman for the CRA.

The CRA spokes­woman noted: “ 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 valid dis­clo­sure be­fore they be­come aware of any com­pli­ance ac­tion be­ing ini­ti­ated by the Canada Rev­enue Agency (CRA) 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 www. cra. gc. ca/ vol­un­tary­dis­clo­sures

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