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

Team BC advancing undefeated in junior nationals

A Langley-based team is 6-0, thus far, at the Canadian curling championships.

VIDEO: Rivermen back on the ice in Langley tonight

In their game against West Kelowna tonight, Langley’s junior A hockey team gets into action at 7:15.

Langley serves as backdrop to pair of competing short films

In the 20th annual Crazy8s Film competition, two of six producers will be filming in Langley.

Fraser Valley Thunderbirds perched in first place

Minor midgets, including several from Langley, hit the ice again on Friday.

Chances coming for public to have say on Langley tax rates

Local councillors will soon debate property tax rates for 2019.

VIDEO: Here’s what the B.C. legislature officers are accused of buying

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Man pulls over to help injured owl, gets hit by SUV

Chase RCMP say owl flew away while they were on scene

VIDEO: Soon-to-be-extinct caribou moved to B.C. interior

The three caribou are being held in pens north of Revelstoke

B.C. cop who assaulted homeless man may avoid criminal record

Kamloops RCMP Const. Todd Henderson was charged with one count of assault causing bodily harm

Thunderbirds excited to fly over Fraser Valley at Abbotsford airshow

Members of U.S. Air Force aerial performance troupe visited town to scope out the airfield

Four students sent to hospital after school bus crash in Mission

Mission RCMP say hospitalization a precaution, 14 students were on board

5 to start your day

Court hears South Surrey mother ‘never called 911’ after killing daughter, Four students sent to hospital after school bus crash in Mission and more

B.C. dairy farmers say milk cup is half full in new Canada Food Guide

Despite what seems like a demotion, B.C. Dairy Association insists its inclusion is still integral

Most Read