September 29, 2009 12:37 PM
Fulton Glass Systems Inc. of Kitchener has been fined $11,200 for failing to remit retail sales tax collected from customers.
The Ministry of Revenue's Special Investigations Branch charged the corporation under the Retail Sales Tax Act after discovering it failed to report and remit $14,478 it collected, between 2004 and 2007.
Fulton Glass Systems Inc. pleaded guilty to the charge on August 10, 2009, in the Ontario Court of Justice in Kitchener. In addition to court-imposed fines and surcharges, the company must pay a $2,800 surcharge to the Victims' Justice Fund.
Businesses convicted of tax offences are responsible for any taxes owing, plus civil negligence penalties and interest, if any.
Under the Ministry of Revenue's voluntary disclosure program, corporations and individuals may come forward and voluntarily report past violations of provincial tax laws and pay any amounts owing.