The Canada Revenue Agency (CRA) has reported that a Victoria, BC man, Richard Stanchfield, has been handed a 14-month conditional jail sentence (including 9-months of house arrest) for income tax evasion and for counselling others to commit fraud.
Stanchfield has been ordered to pay $31,000 in outstanding tax on his own income over a 5-year period.
The CRA has stated that Stanchfield promoted himself as “educator” at a firm called the Paradigm Education Group, which claimed to advise clients of methods of restructuring personal finances to avoid having to pay tax.
In line with their view on tax schemes and scams, the CRA warns consumers to beware individuals who “try to convince you that you do not have to pay tax on earned income”.
If it seems too good to be true, it is!