Wednesday , June 29 2022

Steinbach Business Business is a Guilty To Tax Evasion Pleads



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The former owner of the Steinbach restaurant has pleaded guilty to tax avoidance.

Tak Yuen Sung, 59, also known as Tom Sung of Steinbach, has sentenced at the Provincial Court of Winnipeg to a fine set by the court of $ 73,568.48 to avoid paying $ 53,265.21. This represents 138 percent of the federal income tax saved. Sung will have to pay the full amount of tax, along with associated interest and any penalties assessed by the Canadian Revenue Agency (CRA).

The CRA investigation of tax years 2010 to 2013 revealed that when managing Lee Village Restaurant in Steinbach, Sung used the terminals of two sales points but only provided an accountant with sales information and associated bank statements for the transactions of one of the terminals. Of unmanaged sales, the investigation found deposits, distributed as salaries, to Sung totaling $ 271,000. These deposits to the Sung personal bank account were not consistent with the income that reported on their personal tax files.

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