Never Delay Filing Returns!

Whatever business we’re in, we’ve usually got our hands so full that’s it’s easy to overlook or delay important government filing requirements. Don’t make that mistake; it can be costly… in many ways! It’s easier to have a professional make sure everything is being done properly so that you don’t have to worry about it. Don’t Delay Filing Returns..

Maple resident fined $2,000 for failing to file GST/HST returns

Newmarket, Ontario, September 7, 2012 … The Canada Revenue Agency (CRA) announced today that on September 5, 2012, Bernardino Ianeiro of Maple, Ontario, was fined $2,000 in the Ontario Court of Justice in Newmarket, Ontario, after pleading guilty to two counts of failing to file GST/HST returns. He was fined $1,000 per count, for a total of $2,000. He has 60 days to pay the fine.

Mr. Ianeiro failed to file two annual GST/HST returns for the periods ending December 31, 1998 and December 31, 2000. All outstanding returns have since been filed.

The preceding information was obtained from the court records.

In addition to the fines imposed by the courts, individuals or corporations convicted of failing to file tax returns are still obligated to file the tax returns 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.

admin

Recent Posts

Top Qualities to Look for in Professional Bookkeepers

It is critical to find a professional bookkeeper with the right mix of personality traits…

3 weeks ago

The Benefits of Professional Help for Your Tax Returns Mississauga

Navigating the complexities of tax returns can be daunting, especially with ever-changing tax laws and…

3 weeks ago

<strong>Why You Should Consider Local Accountants in Brampton for Personalized Service</strong>

Every person in the world needs an accountant for their own and business’s financial gains.…

5 months ago

<strong>What You Need to Know Before Starting a Business in Brampton</strong>

Brampton is one of the most significant locations for a startup in the province of…

5 months ago

<strong>The Top 5 Qualities to Look for in a Tax Accountant in Mississauga</strong>

Have you ever heard how crucial it is to select the best tax accountant? It’s…

7 months ago

The Importance of Accurate Bookkeeping for Financial Success

Accurate bookkeeping is essential for more than just meeting legal requirements; it provides businesses with…

7 months ago