The CRA says a Calgary man was convicted of tax evasion and fraud under the Criminal Code.
James Harvey Cameron was convicted on March 28 after running a fraudulent RRSP scheme from 2002 to 2006, CRA says.
He diverted $2.5 million of investors’ funds for his own use and failed to report it as taxable income, evading federal taxes of $673,871, CRA says in a release, citing court records. Cameron has not yet been sentenced.
CRA says victims of the fraud have the right to appear at the sentencing hearing to seek restitution or make a victim impact statement. If you think your client was a victim, go here to learn more.