Enforcement Notice – The West Vancouver businessman has been fined 29 months for tax evasion
Canada NewsWire
VANCOUVER, BC, Feb. 26, 2021
VANCOUVER, BC, February 26, 2021 / CNW / – The Canada Revenue Agency (CRA) announced that on February 24, 2021, Michael Curt Helmut Scholz, from West Vancouverwas sentenced to 29 months in prison and fined $ 644,975.71. On 18th of JuneIn 2020, Mr Scholz was found guilty of three cases of tax offenses under the Excise Tax Act and two cases of submitting forged documents under the Criminal Code before the provincial court British Columbia (Robson Square).
A CRA investigation found that Mr Scholz was producing forged documents in order to obtain benefits related to building one West Vancouver At home. Mr Scholz has entered into a mere fiduciary agreement to hide the real ownership of the property and support his request for ineligible input tax credits related to the cost of building and designing the residence. Mr. Scholz also forged a lease to lower the appraised value of the property by the rating agency in order to lower the taxes owed.
All of the above case-specific information was taken from the court records.
Tax evasion is a crime. Forging records and claims, intentionally not reporting income, or inflating expenses can lead to criminal charges, law enforcement, jail and criminal records. From April 1, 2019to March 31, 2020There were 32 convictions, with 13 taxpayers sent to prison for a total of 18.5 years. These people were convicted of willfully evading payment of $ 7,427,090 in taxes.
The rating agency continues to strive to maintain the integrity of Canada Tax system and the social and economic well-being of Canadians in these unprecedented times. The rating agency continues to aggressively pursue tax evasion and false claims with all the tools at their disposal. The credit rating agency works continuously to ensure that individuals and companies claim incomes, eligible losses and benefits to which they are entitled so that key benefit programs can be managed for those who need them. As a result of COVID-19, we see the increasing importance of these benefits and are working to ensure that they continue to be available to Canadians. Any person or business that underreports income or claims losses or benefits to which they are not entitled, including ineligible claims to COVID-19 benefits, may be required to repay the benefit amounts and may be subject to other possible action.
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SOURCE Canada Revenue Agency