fraud-investigation

CRA has filed multiple tax fraud and criminal charges against a Newfoundland man.

At the conclusion of a joint investigation with Newfoundland provincial police, CRA filed 28 tax fraud charges under the Income Tax Act and three charges under the Criminal Code against Raymond Mahoney, a resident of St. John’s, Newfoundland and Labrador.

Read: Man convicted for fraudulent RRSP scheme

Under the Income Tax Act, court records show Mahoney is charged with filing his own false tax returns in 2011 and 2012, as well as with participating in the filing of false tax returns for 25 other people in 2012. The total amount of fraudulent refunds related to these false tax returns was $85,037. Under the Criminal Code, Mahoney is charged with forgery, uttering forged documents and fraud.

Mahoney is expected to appear in provincial court in St. John’s on May 30, 2017.

When taxpayers are convicted of income tax evasion, they must still repay the full amount of taxes owing, plus interest and any civil penalties. In addition, the court may fine them up to 200% of the taxes evaded and impose a jail term of up to five years. A jail term of up to 14 years may be imposed for convictions under section 380(1)(a) of the Criminal Code.

Also read:

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When not to involve CRA in divorce proceedings

Originally published on Advisor.ca
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