Tax fraudster in Calgary sentenced, fined $50 thousand

A man from Calgary has been given a 12-month conditional sentence and has to pay a $50,000 fine for lying on his tax returns.

The Canada Revenue Agency says that Sean Nethercott from De Winton, Alberta admitted to lying on his tax returns to avoid paying taxes and getting refunds and tax credits he didn’t deserve.

Nethercott’s behavior was found after the Canada Revenue Agency (CRA) looked into his tax returns for 2014, 2015, and 2016.

The agency says he didn’t report all of his income and made up expenses and deductions to pay less taxes.

“Nethercott tried to cheat the tax system by making up reasons to get back $51,952 and claiming $28,637 in tax credits that he didn’t actually qualify for,” the CRA stated in a press release.

In addition to the fine mentioned earlier, Nethercott will also have to pay all the taxes owed, plus any interest and penalties imposed by the CRA.

The CRA works to keep Canada’s tax system honest, which helps Canadians with their social and economic health. The CRA is working hard to catch people who cheat on their taxes and make false claims using all the resources they have.

“The CRA makes sure that people and businesses report all the money they earn and only get benefits they deserve. This helps important benefit programs go to the people who really need them. ” If you lie about how much money you make or claim things you shouldn’t, you might have to give back the money and could get in trouble.

You can find information on how to report people for not paying their taxes on the Government of Canada’s website.