Colwood drywaller hit with tax evasion

A Colwood-based drywaller pleaded guilty to tax evasion after a Canada Revenue Agency investigation.

A Colwood-based drywaller pleaded guilty to tax evasion after a Canada Revenue Agency investigation.

Brian Mark Buchan pleaded guilty and was sentenced on April 12 in Western Communities Provincial Court on one count of tax evasion and one count of evading goods and services tax (GST).

He was fined $28,000, representing 74 per cent of the taxes evaded.

A Canada Revenue Agency investigation determined that Buchan, a self-employed drywall installer for more than 25 years, did not report business income of $185,545 for the years 2004, 2005 and 2006 thereby evading $25,432 in federal income tax.

It was also determined that Buchan failed to report and remit net GST of $12,268, Revenue Canada said in a release.

He must still repay the full amount of taxes owing, plus interest.

editor@goldstreamgazette.com

 

 

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