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A Kelowna resident was fined $2,000 for failing to file personal income tax returns, the Canada Revenue Agency announced Wednesday.
Kin Hung Woo was sentenced on May 4 in Kelowna provincial court, after pleading guilty to failing to comply with an order to file his 2009 and 2010 personal income tax returns.
The $2,000 fine is payable within one year. He was also ordered to file the outstanding returns by June 8.
When taxpayers 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.
If you have made a tax mistake or omission, the CRA offers a second chance to make things right through its Voluntary Disclosures Program.
If you make a valid disclosure before you become aware the CRA is taking action against you, you may only have to pay the taxes owing plus interest.
More information on the VDP can be found on the CRA's website.
