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Wednesday, March 19, 2014

Fredericton Area Businessman Fined For Evading Taxes

A businessman from Upper Kingsclear, Michael Bruce Newman, has been fined more than 138 thousand dollars in Fredericton after pleading guilty to nine tax evasion charges. 

Newman evaded personal income taxes totaling 99 thousand dollars for the 2007 to 2009 tax years. He also evaded over 39 thousand dollars HST between September of 2007 and December of 2009.

A Canada Revenue Agency investigation revealing he didn’t report any business income or HST during these years. 

Newman operated a consulting business and also acted as a sub-contractor. He was hired to supply tandem trucks, tractor trailers, excavators and survey crews on construction sites.