Tax return help busted for tax evasion

On January 8, 2013, Joseph Wijeyesekere of North York, Ontario, pleaded guilty in the Ontario Court of Justice in Toronto to four counts of tax evasion. A fine of $21,027.50 was imposed by the court, which represents 125% of the total amount evaded.

Wijeyesekere is self-employed and provides income tax preparation and accounting services. From 2005 to 2008 Wijeyesekere understated his total taxable income by $95,406. As a result, the total federal tax he evaded was $16,822.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.