Tax evasion results in fine
Upper Island Cove man failed to file taxes in 2008 and 2009
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