Lake Cowichan man learns fate for tax evasion
The Canada Revenue Agency is reporting a Lake Cowichan man has been sentenced after pleading guilty to tax evasion.
David Gonyea will serve a 9-month conditional sentence, which includes 30 hours of community service and was fined over 50,000 dollars.
The CRA said Gonyea operated and maintained the books and records of Coast Hydrovac, a company that provides inspection, testing, and hydro-excavation services for municipal governments, developers, and contractors.
A CRA investigation determined that he had cashed over 100 cheques payable to Coast Hydrovac at a payday loan company, instead of depositing the cheques into the business’s bank accounts.
The Agency said he failed to report taxable business income of just about 160,000 for the 2010 to 2012 tax years and failed to report and remit nearly 60,000 dollars in federal and provincial sales taxes collected during that period.