Brampton, Ontario, December 27, 2012 … The Canada Revenue Agency (CRA) announced today that on December 21, 2012, Pargat Singh Sandhu, of Mississauga, was fined a total of $3,000 in the Ontario Court of Justice in Brampton, Ontario. He pleaded guilty to three counts of failing to file corporate income tax returns. He has one year to pay the fine. All outstanding returns have been filed.
Mr. Sandhu, as the director for P & P Used Auto Sales Inc., failed to file the 2010 and 2011 corporate income tax returns. As the director for Sunny Auto Tech Inc., he also failed to file the 2011 corporate income tax return.
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. More information on the Voluntary Disclosures Program (VDP) can be found on the CRA’s Web site 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.