Canada Revenue Agency Income Tax: audit Canada CRA Property Tax
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Canada Revenu Agency Audit is Up This Year
CRA Tax Audit
1. Education/Tuition fees expense.
2. Transfer of Tuition fees to spouse or parents.
3. Professional Membership dues
4. Donation Claim receipts
5. Medical expense claims
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A Brand New Web Site is Launcing in Few Weeks
As you might know, this web site was hacked by someone from Europe, restricting our access to update the site with new informations. We recovered the website, without any compromise with the hackers. But in the process all the links got broken except for the front page. Rather than trying to fix the whole web site, we have decided to relaunch the web site with new design and informations. We have got a fantastic team of web consultants working on the project right now. We hope to get it live in next few weeks. In the mean time, you can still call us direct 604-764-7864 for any of your tax consulting needs. We are here to help you and take the stress out of your tax concern.
Website was hacked, Call 604-764-7864
This web site was hacked and they messed up some files and postings. Trying to get it up and running like before in a new server. It will be few days or couple of weeks everything comes back to normal. I do not have any client information on the website, so that is a relief.
In the mean time, if you need help with your USA/Canada income taxes, call me direct.
How To Pay Zero Tax On Your Billion Dollar Profits
No Tax on Big Profits
You can pay zero tax or no tax by applying your current year profits to offset your past year losses.
It was reported last week that General Motors paid no federal income tax for 2011 on profits of $7.6 billion, which was $3 billion more from the previous year. GM has earned more than $13 billion in profits since 2009, when it received a massive $49.5 billion bailout.
“We did not pay federal income tax last year,” said GM spokesman Jim Cain. The Detroit News, who broke the news, also quoted Cain as claiming GM would not have to pay federal taxes “for many more years.”
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If You Can’t Tax The Poor Tax Their Food
Its hard to believe what the government will do to collect tax.
This is the new tax collection policy starting in Britain. In March, British Prime Minister David Cameron laid out plans to tax Cornish pasties and other snacks, a move critics say will hit working families at a time of economic hardship.
The British government has been embroiled in the “Pasty Tax” row since it announced plans to close a loophole that allows bakeries in Britain to serve hot takeaway food without incurring 20% value-added tax.
The items include pies, sausage rolls and pasties – a traditional delicacy eaten for centuries by miners in the southwestern English county of Cornwall, which consists of meat and vegetables in a pastry crust.
Greggs bakeries, a purveyor of fast-food, including 140 million sausage rolls per year, saw its shares slump 5.5 percent last week on news of the new tax.
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