In Brampton Ontario on February 13, 2013 Peter Neilson was pleaded guilty in Ontario Court of Justice in Brampton, Ontario, for two counts. The court ruled that Mr. Neilson who was a self-employed lawyer who failed to file his T1 income tax return for years 2009 to 2010. He was fined of a total of $3000 and has six months to pay t…
On March 7, 2013 Christopher Humeniuk of Toronto pleaded to four counts of failing to file personal tax returns. Mr. Humeniuk was a self-employed mortgage broker who failed to file T1 returns for 2001-2004 taxation years. He was fined for a total of $4000, which he has 6 moths to pay and file the outstanding returns as…
On March 5, 2013 Brampton, Mr. Adegboyega Adenekanad Adebukunola was arrested for fraud. He was pleaded guilty on March 1, 2013 in the Ontario Court of Justice for a count of $5000 under the criminal code. He received a six-month sentence of house arrest and probation for three years. Apart of Mr. Adebukunola sentence he was to assist in preparing or filing income tax returns.to
Mr.
The first (and most important) rule when discussing medical expenses and tax claims is that only medical expenses that the Canada Revenue Agency (CRA) has determined to be eligible may be claimed for tax purposes. A full and complete listing can be found at the link listed here (hyperlink this to http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/330/llwbl-eng.htm…
Most of us working adults can look back fondly on our respective university and college experiences. Whether we went to school for training in a skill or trade, or for a profession, we remember first day jitters of making friends all over again or all night-er study sessions before a big exam (the parties were also a good time). But did you know that, in addition to landing you that perfect job,…
When the 2013 budget was released this past March, there was a new measure put in place to help the government find major tax cheats.
There is already a snitch line for people to call and get someone audited, but this new line is directly aimed at individuals hiding amounts abroad and this time, the CRA is willing to pay for results.
If an amount over $100,000 is recovered by the Canada…
Many investors buy, hold, sell stocks and never pay much attention to the information that they need to be tracking for reporting purposes on their tax returns. Simply put, to calculate the gains or losses on the sale of your shares, you subtract the average cost of the shares from the proceeds.
Unfortunately, many institutions do not continually put the cost of the shares on your monthly…
Canadians are typically known to be extremely generous in giving back and supporting charities and non-profit causes each and every year. Millions of Canadians make donations to their favourite charities by way of a one-time donation or an ongoing monthly or yearly commitment to donate.
There are all kinds of eligible charities that Canadians donate to. These include local religious…
The temptation is always there – holding down a steady day job that pays the bills by day, and by night, ply your trade for a little extra spending money on the side. People in almost every sector of industry, from construction and renovation to finance and teaching, are in a position to work for themselves in addition to having a regular job. Many of these people report their earnings on their…
Have you ever been in this scenario before?
Logging into your email account, you have one new message from the Canada Revenue Agency. The email tells you that you that, if you click the link below and provide some personal information over the internet to confirm who you are, the CRA will issue out your tax refund.
Sounds too good to be true? Wondering how the CRA obtained your ema…
