Location: God's own country
Posted on: 29-03-06 17:37:37
SS,
I agree with you since you have first hand experience and also b'cos you have been here for a longer time than me + you have more network/ friends/ relatives in Canada.
Just take my case. My income for the last year was : 30K.
i put $3500 in charitable donations and $7500 on RRSP (both amounts true) but i was not audited. Now who would give $3500 in donation on a 30K income. Would that not be strange?
Also for my wife, i over paid her RRSP by $2500. (last year, i overpaid her RRSP by $2000) but we did not pay any fine. Her RRSP overcontribution was cut off in this years allowance.
This is just my experience.
Last year, i had claimed some benefits through my T-5008 income. The CRA did not grant it. i filed a compalint. They had not granted it since they did not have my T-5008 form. So i faxed it to them (in june) and after that they wanted me to pay $16 in higher tax calculation.
TK
-----------------------------------------------------------------
I am a Gents and not a Ladies.
Quote:
Originally posted by sudesingh
That is not true. CRA has been cracking down on the smaller guys too. Previously copies of various income slips were never sent to CRA, but these days, it is. CRA has even started getting copies of T5's. Yes one may be able to get away with small amount's but that's probably it, and that too not for long.
Did u develop CRA systems ? (Just kidding)
TK, just curious, what are these " some benefits through T5 income" ??
Location: God's own country
Posted on: 29-03-06 20:29:09
Hi Aashu,
I made a mistake. It was not T5 form. It was T-5008 (Statement of Investment income). I tried to get credit for my capital losses. I actually could not understand much but next time i will contact an auditor to really get me money.
Sorry for the honest mistake. I will edit my posts.
It for such reasons that i have my disclaimers!
TK
-----------------------------------------------------------------
I am a Gents and not a Ladies.
