Citizens for a Livable Cranbrook Society provides grassroots leadership and an inclusive process, with a voice for all community members, to ensure that our community grows and develops in a way that incorporates an environmental ethic, offers a range of housing and transportation choices, encourages a vibrant and cultural life and supports sustainable, meaningful employment and business opportunities.

Monday, January 30, 2012

Isaman Convicted of Failing to File Income Tax Returns

Special to The Cranbrook Guardian

Sheldon Isaman, a well- known Cranbrook businessman and developer, was fined a total of $9,000 in Cranbrook Provincial Court Jan. 18 after pleading guilty to nine counts under the federal Income Tax Act.
Charges first appeared on February 3rd of 2011 and following a number of court appearances since then, this case has finally come to conclusion.

According to a press release issued by the Canada Revenue Agency (CRA), Isaman failed to file his 2005 to 2007 personal income tax returns as well as his corporate tax returns for Summit West Investments (2002) Inc. for the 2005 and 2006 taxation years and the 2002 to 2005 taxation years. Isaman was fined $1,000 on each count for a total of $9,000.

Isaman was given until Jan. 18, 2013 to pay the fine and the outstanding returns have since been filed, said CRA Communications Manager Dave Morgan. When people are convicted of failing to file tax returns they must still file their returns and pay the full amount of taxes owing plus interest as well as any fines the court may impose, Morgan said.

Isaman currently has a large residential development proposal before the Regional District of East Kootenay (RDEK) for approval. The 2,400 acre parcel was also part of the controversial East Hill development project proposed for Cranbrook in August 2007, but fell through after a city boundary expansion application to accommodate it was defeated by 35 votes in a hard fought and divisive referendum campaign in November 2009.

Cranbrook lawyer Natalie Hebert, who represented Isaman in court before Provincial Court Judge Grant Sheard, said her client had nothing to say about the matter. “I can advise at this time Mr. Isaman has no comment.”

The matter was originally scheduled for disposition Jan. 19, but was moved ahead a day to Jan. 18 when Isaman pleaded guilty.
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2 comments:

  1. AnonymousJanuary 30, 2012 at 5:57 PM

    It is very worrisome to know that this man has an application in front of the RDEK presently for a land development proposal? Does the Cranbrook City Council decision to rescind it's 10 km boundary from city centre development
    decided back in October 2011 still hold? Can the present City Council have input on that decision?

    ReplyDelete
  2. Citizens for a Livable CranbrookFebruary 1, 2012 at 10:59 PM

    As far as we know the city never has rescinded its 10km policy.

    ReplyDelete

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