Canada Revenue Agency

Canada Revenue Agency

February 28, 2008 13:15 ET

Canada Revenue Agency: Former Lawyer, Pierre Boivin, Sentenced to 18 Months in Prison for Income Tax Fraud

LAVAL, QUEBEC--(Marketwire - Feb. 28, 2008) - Former lawyer Pierre Boivin, whose practice was in Laval, was found guilty yesterday before the Court of Quebec of tax fraud. He was sentenced to 18 months in jail and fined $41,729.

The Canada Revenue Agency (CRA) investigation showed that Boivin helped to set up a scheme involving the transfer of funds and a series of loans between the Montreal-based Societe Financiere Speedo (1993) Ltee and Commodore Corp., located in the Bahamas. Boivin was fined $41,729 for helping to create this scheme.

In addition, Boivin was sentenced to 18 months in jail for having helped Henri Bertrand - who pleaded guilty in 2001 to charges of importing and distributing tons of marijuana and hashish oil - avoid reporting more than $3.7 million in income, derived in part from the proceeds of crime, for the 1995 to 1998 tax years. These tax sentences are for guilty pleas of tax fraud, conspiracy to launder proceeds of crime, and conspiracy to possess proceeds of crime.

In relation to this scheme, Societe Financiere Speedo (1993) Ltee, a business specializing in loans in the taxi sector, was fined $1.5 million in November 2005, for having evaded income tax on interest income paid or credited to Commodore Corp. during the 1996 to 2001 tax years.

The CRA prosecutes tax evaders to maintain public confidence in the integrity of the tax system. Canadians have to trust that our self-assessment system is working and that it is fair.

The information in this news release was obtained from the court records.

To get more information on tax avoidance schemes, see the Tax Alert section of the CRA Web site at http://www.cra-arc.gc.ca/alert/.

More information on convictions can be found in the Media Room on the CRA Web site at www.cra.gc.ca/convictions.

Contact Information

  • Canada Revenue Agency
    Serge Paradis
    Communications Manager
    514-283-2464, ext. 8225
    Toll-free: 1-800-292-3430, ext. 8225