The Canada Revenue Agency (CRA) announced today that 101021866 Saskatchewan Ltd. and its director, Ernest Uhryn, of Yorkton, pleaded guilty in Yorkton Provincial Court on May 7, 2012 to failure to file corporate income tax returns. They were fined $8,000 and given thirty days to pay the fines. The missing tax returns have now been filed.
The corporation was fined $4,000 for failure to file its 2009 and 2010 corporate income tax returns. Mr. Uhryn was also fined $4,000 in his capacity as director of the company. This is the company's second conviction for failure to file income tax returns.
The preceding information was obtained from the court records.
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.
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. More information on the Voluntary Disclosures Program (VDP) can be found on the CRA's Web site at www.cra.gc.ca/voluntarydisclosures.
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