Mississauga Used Car Dealership Fined $100,000

The director of Gilani's International Ltd., operating Imperial Used Car Canadian Services, a used car dealership in Mississauga, has been fined $100,000 for wilful evasion under the Retail Sales Tax Act.

Syed Mohammed Rafi Gilani pleaded guilty to charges under the Retail Sales Tax Act on February 16, 2010 in the Ontario Court of Justice in Mississauga.

The Ministry of Revenue's Special Investigations Branch charged Gilani after discovering he failed to report and remit $183,036 of retail sales tax collected by the corporation between July 2003 and February 2007.

He must also pay a surcharge of $25,000 to the Victims' Justice Fund.

In addition to court-imposed fines and surcharges, businesses convicted of tax offences must repay 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.

The current Ontario retail sales tax will generally cease to apply on July 1, 2010 and will be replaced with the harmonized sales tax (HST), administered by the Canada Revenue Agency. Businesses collecting Ontario retail sales tax are responsible for filing their retail sales tax return and remitting any tax collected with their final Ontario return due July 23, 2010.

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