Summerside psychiatrist fined more than $215,000 for tax evasion
August 13, 2020
A Summerside psychiatrist who evaded paying more than $215,000 in taxes over a period of three years has to pay what he owes and then some after he was sentenced this week.
The Canada Revenue Agency (CRA) said Arvind Singh was sentenced on Aug. 11 in provincial court in Summerside after previously pleading guilty to two counts of tax evasion under the Income Tax Act.
In total, Singh evaded $215,539 in taxes and was ordered to repay that amount along with $215,539 in fines.
He will also have to pay any interest or penalties the CRA imposes.
Singh was charged after a CRA investigation found he prepared and filed his personal income tax returns and corporate returns for S and D Professional Corporation, which he owned with his spouse.
The CRA said Singh failed to declare $225,785 of personal income and under-reported the corporation’s taxable income by $900,144 for the taxation years of 2013 to 2015.
Singh claimed ineligible expenses on the corporation’s and his personal tax returns, which were factors in the amount of tax evaded.