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Hay River man found guilty of tax evasion Paul Bickford Northern News Services Published Monday, February 14, 2011
Allen Archie Plante, 48, received the sentence in Hay River territorial court earlier this month. Plante had pleaded guilty to the charge. The fine represents 75 per cent of the $81,297 in federal tax that Plante sought to evade, resulting in a total of $142,270 in fines and federal tax owing. His six-month conditional sentence includes four months house arrest. According to a news release from the Canada Revenue Agency (CRA), Plante filed his 2006 and 2007 personal income tax returns in 2008 and claimed the territorial tax credit of $350 without reporting any income. An investigation by the agency determined he failed to report income of $354,920. Plante deposited 7,129 $20 bills, 454 $50 bills and 701 $100 bills into his bank accounts during 2006 and 2007. In addition, he used a bank account of an in-law to deposit large amounts of cash. The CRA news release noted individuals 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 will 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. Such individuals may only have to pay the taxes owing, plus interest.
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