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Showing posts from September, 2015

Terence Corcoran: Time for a new National Tax Revolt

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Republish Reprint Terence Corcoran  |  March 23, 2015  | Last Updated:  Mar 24 4:30 PM ET More from Terence Corcoran  |  @terencecorcoran Mark van Manen/PNG Staff Photographer Alberta’s budget, coming Tuesday, is almost certainly going to contain tax increases to offset falling corporate taxes.   Twitter   Google+   LinkedIn   Email   Typo?   More “Barring a dramatic change in thinking, taxpayers of Ontario and most of the provinces face continued high tax rates and the prospect of tax increases. “ Across this fair land spring seeds are being sewn for a tax revolt. In three provinces – Quebec, Alberta and B.C. – increases in sales taxes are on the agenda. Along with Ontario, Canada’s provinces are in various stages of fiscal decrepitude, collectively borrowing billions to stave off the wolves at the door. There is only one way out: spending cuts. But politicians know of few alternatives b...

Tax evasion scheme results in conditional sentences and $98,233 in fines

Tax evasion scheme results in conditional sentences and $98,233 in fines Halifax, Nova Scotia, January 9, 2015...  This week, Mary Emily Samson, a former Dartmouth resident, and George Mitchum, of Yarmouth, were fined a total of $98,233 and each given a conditional sentence order. On January 5, Ms. Samson was found guilty of fraud over $5,000 under the Criminal Code, for her role in a false invoice scheme. She was fined $20,998. On January 8, Mr. Mitchum entered guilty pleas for his part in the scheme and was fined $77,235 for one count of fraud over $5000 and one count of tax evasion. A Canada Revenue Agency (CRA) investigation revealed that Ms. Samson and Mr. Mitchum participated in an ongoing fraud scheme from December 2005 to January 2008. During the course of her participation in this fraud, Ms. Samson created 114 false invoices, amounting to a total of $968,384. These invoices made it appear that her now defunct company, Virgin Water Fisheries Limited, was selling lobs...

Failing to file a tax return will cost you

Failing to file a tax return will cost you April 20, 2015…  The Canada Revenue Agency (CRA) announced today that for the period December 1, 2014 to April 20, 2015, a total of 10 Ontario residents were convicted and sentenced for failing to file corporate, personal and/or GST/HST returns. The courts levied a total of $97,000 in fines and ordered that all returns be filed. In particular, the following individuals pleaded guilty and were sentenced for failure to file tax returns: Name of Taxpayer Clay Canada of Mississauga Donald MacMillan of Alexandria Jacqueline Tobin of Inkerman John Baerg of Brampton John Mesquita of Ottawa Kent Scott of Prescott Laura-Lee Watling-Scott of Prescott Michael Moldenhauer of Mississauga Scott Whitman of London Sutharsan Ambalavanar of Ajax Total Fine $1,000 $2,000 $3,000 $20,000 $2,000 $10,000 $3,000 $49,000 $3,000 $4,000 The preceding information was obtained from the court records. “Canadian taxpayers must have confide...