July 12, 2021
by CTV News
A West Vancouver dentist has been fined more than half a million dollars and ordered to pay taxes on more than $2 million worth of income that he failed to report over a period of five years.
According to the Canada Revenue Agency, Dr. Peter Balogh was sentenced in provincial court earlier this week in a case that dates back more than a decade.
The court ordered Balogh to pay a fine of $578,885, a total equivalent to the amount of tax he evaded during the 2005 to 2009 tax years, according to the CRA. Balogh is also required to pay the taxes he owes, plus any accumulated fines and interest, the CRA said.
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