A business man from Windsor Junction, N.S. has been fined for tax evasion.
The Canada Revenue Agency said Friday that James Barry Ingram of Windsor Junction, operating as J Ingram Construction was found guilty on 24 charges relating to tax evasion.
Ingram was found guilty of five counts of tax evasion under the Income Tax Act and was also found guilty on 19 counts of tax evasion under the Excise Tax Act.
The five counts totaled $27,854 worth of fines and the 19 counts totaled $37,825 worth of fines. In total Ingram has been fined $65,679.
A CRA investigation revealed that Ingram did not report income earned while providing services related to residential construction, renovations and snow removal.
The CRA also reported that Ingram didn’t report $234,319 of income in his personal tax returns between 2002 and 2006, and evaded $27,854 in federal income tax by underreporting income, altering the business’ books and overstating expenses. Ingram also evaded $37,825 in HST.
The CRA says they take tax evasion very seriously and is reminding people that if they’ve ever made a mistake or omission on their income taxes, they may be able to make things right through the Agency’s Voluntary Disclosures Program.