Q: You are in Whitby and I am on the other side of Canada, can you service me from a distance??
A: The answer is Yes We Can! Because of our uniqueness and our proven track record, Canadians from all across Canada deal with us. Today’s modern technology, email, scanning, video conferencing, telephone, express post shortens the distance and makes the world flat. In reality, it is more important to deal with the right company than to deal with the closest company, unless of course they are one and the same.
A: You are not alone, welcome to the world of millions of Canadians who have or are currently suffering in the same way you are.
A: If you feel attacked, it is likely true. If it feels unfair, it likely is. If you feel abused, you likely have been subjected to unfair treatment.
A: If that was private industry it would be a crime. Compare that to the attack on the Cheque Cashing services like Money Mart, who, by the way, provide a valuable and needed service for the market, or else few people would deal with them. For sure, it is not about a fair system or a kinder, gentler Canada. To have an unfair, or impossible and unreasonable tax burden is not about compliance, it is about CRA collecting as much money as it can. CRA does not have to triple a tax bill that is already unpayable to get compliance from the tax payer, this is simply unjustified punishment.
A: It looks to me like CRA does not know about, or ignores, the Charter of Rights. Who knows why Canadians allow this to continue.
A: Being that it would be very easy to create the tests, one has to assume it is because it gives discretionary power to the auditors thereby allowing them to collect more taxes.
A: If CRA lost money because of it, thermal paper for receipts would not be allowed. My guess is that they have no reason to care. Why lose a good tool to deny legitimate expenses, when a faded piece of paper is not usable to prove an expense.
A: A good guess would be that it keeps people confused, it allows for tax increases to not be noticed and it keeps people from learning how to properly do their own taxes.
A: It is in the government’s best financial interest to have a huge source of funds for them to borrow against and to ensure their ability to collect tax on the retirement savings of Canadians.
A: My guess is that it forces the RRIF holder to take out the money and add it to their other income. This creates more tax and enables government claw-backs. It is very good for CRA.
A: We are not a kind Canada when it comes to our punitive tax regime.
A: This kind of stuff is not part of an auditor’s training. They are often shocked to learn they don’t have the right.
A: The system rule is to get as much as you can. It is not in CRA’s financial interest to help reduce Canadian tax burdens.
A: I have a new case where the client went bankrupt, and then one week before his discharge, they launch a serious attack on his wife. Why do they go after a spouses home, when the taxpayer cannot pay their own tax debt? It seems to me that there are no ends that CRA will go to get their “juice.” (Term used for Mafia interest).
A: It seems to be that there are no ends that CRA will go to get their “juice.”
A: Again, it seems to me that there are no ends that CRA will go to get their “juice.”
A: This is a great question. I would love to see a law suit develop on this issue. The banks hold our money in trust but will not resist a CRA demand to pay. Right or wrong, the bank employees are told to do whatever CRA wants.
A: There is not an audit ready bookkeeping system on the market that would take the stress out of being audited. That is why we have written our own. There was no other way we knew of to do audit ready books.
A: The real question is “How much is some tax?” The answer is simple: take your gross income, minus personal tax credits and deductible expenses. If you don’t have a net taxable income you don’t have to pay “some” taxes.
A: It means your accountant does not understand taxes. There is no such thing as tax radar. It is a fear-mongering statement designed to deprive you from understanding your own taxes. You hire an accountant to ensure you do not live in fear of audits and to see that your tax returns are properly done. Paying more tax then you owe does not protect you from an audit.
A: Accountants perform an invaluable role for those who can afford them. However they have a monkey on their back, and have a reasonable fear of the tax department based on joint and several liabilities for the tax returns they prepare. Don’t blame your accountant; blame the government that created the Canada Revenue Agency and partakes in the spoils of ruined Canadians. Accountants’ justifiable fear of CRA prevents them from aggressive defenses against CRA. Can you imagine the fear of having all their clients audited?
A: We know that 10% is used to fund the CRA and the rest is up to the whim of the government, with little accountability.
A: Because they know it is not in their best interest for Canadians to know what goes on behind closed doors. It is interesting that CRA works for the Canadian population but is not accountable to us.
A: Interest is a huge source of income for CRA.
A: Because it is more about marketing CRA as an accountable agency than it is about substance.
A: Good question!
A: They are in cahoots to get as much money as they can. They also share other information.
A: They don’t consider our rights.
A: That would be too kind. Just think of how much more revenue CRA collects because we must pay our taxes with after-tax dollars.
A: Did I mention the words “punitive tax regime?”
A: They want the source deductions and want to reduce deductible expenses for the directors.