You earn rewards everywhere you shop and earn bonuses for flyer deals. They are intentionally misleading to make you think you get a better rate than you really do.
CRA is an extra-legal organization which bullies people into paying taxes they may not owe, and will not provide clear guidance as to where the lines are. Just call CRA 3 times with a complex question, and usually you will get 3 different answers. Canadian Capitalist August 20, at Thanks for the link.
The CRA simply registers a charity initially and assumes that they will collect donations and spend it for charitable purposes. They do audit and revoke registrations but how are they going to tell a good charity from bad at the time of registering?
It is a good question why the people running these charities are not prosecuted when they are found to be frauds.
They specifically mention that if the receipt is many times the donation, the taxpayer is taking a risk of the charitable contribution being denied and interest and penalties applied. How is that shoddy journalism? NN August 20, at I fear investors will fail to recognize to-good-to-be-true schemes for what they are until the end of time.
I am suprised at the number of people I know that gave money to these types of scams for the sole reason that they could get a deduction in excess of what they paid.
Steve Heath August 20, at Steve August 20, at I guess none of you happened to read the retraction that very journalist did on the above mentioned article.
Check it out at: It would be equivalent of them writing that all finance blogs give improper information. Like any other investment product, there are good ones and there are bad ones. As with all things, greed took over and the products went retail. This is when the scams began to happen and because of the number of people claiming credits CRA had to act to defend its bottom line.
If the entire concept of tax shelter make your eyes glaze over.
Avoid the entire industry. Of course, I would like to point out, from the all the background noise, what the real problem is. If the tax rate was actually fair and low there would be no need for this entire industry- good or bad.
We all feel our taxes are too high and attempt to find ways to minimize them.Notice: Although this Canadian online stock brokerage review/comparison is dated back to Dec , the information below is updated regularly. As an update and side note, almost all discount brokerages are very competitive with low trading fees (under $10/trade).
In addition to trading fees, keep. The amount $60 should be written and spelled out as follows: Sixty and 00/ Note: You can change the "00" in 00/ to a number if you need to add cents to $ Recently a friend asked about a “tax scheme” that claims to buy medicines for AIDS patients (“Fight AIDS Save Taxes” is its slogan) in Africa and provides a tax receipt for four to five times the donation amount.
Aug 05, · I am American. If I send someone in Canada a check for $75, made out how I normally write a check, what will happen?
Will they get 75CDN or the CDN equivalent of 75USD on the day they cash it or will they not be able to cash it? I have always just made out my US check for the USD equivalent.
In the amount field I . Convert 60 Canadian Dollar (CAD) to US Dollar (USD) Exchange rates used for currency conversion updated on 26th September (26/09/) Below you will find the latest exchange rate for exchanging Canadian Dollar (CAD) to US Dollar (USD), a table containing most common conversions and a chart with the pair's evolution.
North American Edition. The Dollar, after rallying to fresh trend highs yesterday, has corrected some today. EUR-USD settled near the level after printing a month low at late yesterday.