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Tax agency makes an example out of local men
The Canada Revenue Agency (CRA) has announced that two Castlegar residents have been found guilty for not filing tax returns.
John William Vigue was fined $3,000 for not filing his 2002, 2004 and 2006 personal income tax returns. He has three years to pay the fine.
Robert Henry White was fined $2,000 for not filing his 2003 and 2004 personal income tax returns and has two years to pay the fine.
The outstanding returns of both individuals have since been filed, according to the court documents.
“When individuals are convicted of failing to file tax returns, in addition to any fines imposed by the courts, they must still file the returns and pay the full amount of taxes owing, plus interest owed, as well as any civil penalties that may be assessed by the CRA,” the revenue agency stated in a release.
Individuals who haven’t filed their taxes for previous years or have failed to report all their income can still do so without being penalized if they disclose the information before they become aware of any action being put against them by the CRA.
“These individuals may only have to pay the taxes owing, plus interest,” the CRA stated.