13 Oct 2010, 1:44pm
BC Province Grant:
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Comments Off on Workplace Training for Innovation (WTI) FAQ

Workplace Training for Innovation (WTI) FAQ

Since WTI has been in the media there have been a lot of interest about the program.

This is part of Canada govt.’s action plan to stimulate the economy and increasing the skills of currently employed people. It is funded by our Tax money.

The money is a grant; it means you do not have to pay it back, if you follow the grant guideline.

You must use the fund to train your employees (strictly who are on payroll) or you will have to return it to BC Province.
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12 Oct 2010, 5:36pm
Canada Revenue Agency Income Tax:
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Tax Audit, Here’s How it Works.

An interesting news about income tax audit came to my attention recently.

In Germany, a restaurant operator was flagged for tax audit, because his purchase of supplies did not match with the amount of revenue he was reporting.

The restaurant in a working class neighborhood of Saxony, makes larger than average schnitzels for its customers. Its giant schnitzel servings are very popular with his customers. He serves about 70 dishes a day of this lavish meal.

But according to Tax Auditors, they believe the restaurant sells 200 servings daily, based on the amount of
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3 Oct 2010, 11:41am
Canada Revenue Agency Tax Fraud:
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CRA Warns Canadian Taxpayers of Mail Scam

The Canada Revenue Agency (CRA) is warning taxpayers to beware of a recent scam where some taxpayers are receiving a letter fraudulently identified as coming from the CRA and asking for sensitive personal information. CRA confirms the letter is not from the CRA. All taxpayers should be vigilant when divulging any confidential information to third parties. The CRA has well established practices to protect the confidentiality of taxpayers’ information.
Here is a sample of the fraudulent letter.