Whitby resident jailed and fined for tax evasion
Newmarket , Ontario, January 23, 2017 … The Canada Revenue Agency (CRA) announced today that on October 20, 2016 Wolfgang John Wilm of Whitby, Ontario was found guilty in the Ontario Court of Justice in Newmarket, of one count of tax evasion under the Income Tax Act . He was sentenced on January 20, 2017 to 20 months in jail and was fined a total of $552,976. In addition to the court imposed fine, Mr. Wilm will also have to pay the full amount of tax owing, plus related interest and any penalties assessed by the CRA. A CRA investigation revealed that from 2007 to 2010 Wilm failed to file personal income tax returns to report income he had earned during those years. Wilm received a total of $2,081,167 in income as a self-employed individual which he failed to report. By not filing his returns on time and as required, Wilm willfully evaded or attempted to evade federal taxes of $552,976. The preceding information was obtained from the court records. “Our taxes pay for the h...