Surrey lawyer fined $418K for tax evasion

Baldev Singh Ghag receives conditional sentence, includes eight months of house arrest

A Surrey lawyer has been sentenced to a 22-month conditional sentence, including eight months of house arrest, for tax evasion, says the Canadian Revenue Agency.

The CRA said in a news release Friday (Jan. 11) that Baldev Singh Ghag was sentenced on Jan. 10. He was also fined $418,865.66 “after pleading guilty to one count of tax evasion under the Income Tax Act.”

A CRA investigation, according to the release, “determined” that Ghag, a practicing lawyer in B.C., “failed to report $1,284,254.81 of taxable income for the 2005, 2006, 2007 and 2008 tax years.”

The release says that Ghag was a principal for two corporations, adding that “he provided real estate legal services through Baldev S. Ghag Law Corporation and used Ferengi Trading Corporation to lend money for real estate transactions.”

Ghag, the CRA said, “maintained and controlled” the books and records for both corporate entities, “but intermingled the banking between his corporate and person accounts.”

“The intentional intermingling of deposits and withdrawals across accounts resulted in significant funds ending up in personal accounts he held or controlled that he failed to report as taxable income,” the CRA said.

Tax evasion, the CRA says, is a crime, and “those who do not fully comply with tax laws place and unfair burden on law-abiding taxpayers and businesses and jeopardizes the integrity of Canada’s tax base.”

The CRA said that from April 1, 2013 to March 31, 2018, the courts “convicted 307 taxpayers for tax evasion of $134 million in federal tax,” adding that these convictions resulted in sentences “totalling approximately $37 million in court fines and 2,494 months (246 years) in jail.”

Under the income tax and excise tax laws, according to the CRA, being evicted of tax evasion includes fines that can range from 50 per cent to 200 per cent of the evaded taxes and up to five years in jail.

“Being convicted of fraud under the Criminal Code carries a sentence of up to 14 years in jail,” the release reads.



lauren.collins@surreynowleader.com

Like us on Facebook Follow us on Instagram and follow Lauren on Twitter

Just Posted

Surrey public event to explore transition from RCMP to city police force

Surrey Board of Trade continuing its ‘Hot Topic Dialogue Series’ with this issue, on Tuesday Jan. 29

Surrey’s new Age-Well hub receives $3.5M in government funding

Hub is meant to drive development of healthy tech solutions to support healthy aging: SFU

Dancer gives props to Surrey school program for allowing him to leap to world stage

North Surrey grad Bynh Ho in ‘Loop, Lull’ show at Vancouver’s PuSh festival

KidSport’s Nite of Champions to honour championship Coastal FC squad

Annual South Surrey event will feature Vancouver Canucks coach Travis Green as keynote speaker

LISTEN: First responders share struggles with adversity in new Delta Police podcast

Bend Don’t Break allows police, firefighters and paramedics an opportunity so tell their stories

B.C. opioid crisis to get same world-renowned treatment approach as HIV/AIDS

A program that focuses on treatment as prevention will roll out Jan. 17

Olympian snowboarder Max Parrot diagnosed with Hodgkin’s lymphoma

Each year in Canada, approximately 900 people are diagnosed with Hodgkin’s lymphoma

‘Prince of Pot’ Marc Emery accused of sexual assault, harassment

Emery denied the allegations, but a Toronto woman says she is not the only one speaking out

Vancouver Island photographer makes National Geographic’s 2018 elite

Rare double honour for Marston from the 36 best Your Shots out of nearly 19,000 photos

Ex-Liberal candidate in Burnaby, B.C., says volunteer wrote controversial post

Karen Wang dropped out following online post singling out NDP Leader Jagmeet Singh’s ethnicity

Asteroids are smacking Earth twice as often as before

The team counted 29 craters that were no older than 290 million years

Canada’s arrest of Huawei exec an act of ‘backstabbing,’ Chinese ambassador says

China has called Canada’s arrest of Huawei chief financial officer Meng Wanzhou ‘politically motivated’

Manure company causing ‘toxic’ stink at Abbotsford school seeks permit

Property across from King Traditional Elementary cannot operate manure facility without permit

North Delta happening: week of Jan. 17

Events, courses and clubs listings for North Delta

Most Read