Two in Courtenay fined for tax infractions

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Courtenay businesswoman Cheryl Simon pleaded guilty in Courtenay provincial court May 25 to failing to file the 2007 and 2008 corporate income tax returns of Hamumu Gala Contracting Ltd.

Simon, as a director of Hamumu Gala Contracting Ltd., was fined $2,000 and given one year to pay the fine, the Canada Revenue Agency (CRA) announced Tuesday in a news release. The outstanding returns have since been filed.

The CRA also announced that Courtenay resident Joseph Simon pleaded guilty May 25 to failing to file his 2006 and 2007 personal income tax returns. Simon was fined $2,000 and given one year to pay the fine. The outstanding returns have since been filed.

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.

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 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.

Further information on convictions can also be found in the Media room on the CRA website at www.cra.gc.ca/convictions.

— Canada Revenue Agency