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cdn_dude
Member since: Dec 05

Posts: 942
Location:
Post ID: #PID

Posted on: 25-04-07 17:01:16

Quote:
Originally posted by Smiley

So why would somebody be interested in showing this as income and paying additional taxes on this Income ?

I was wondering about the same thing when I read the title of the thread...

sudesingh
Member since: Jul 04

Posts: 2085
Location: Toronto
Post ID: #PID

Posted on: 25-04-07 17:09:09

Quote:
Originally posted by Smiley

So why would somebody be interested in showing this as income and paying additional taxes on this Income ?

As an FYI, for an amount of upto around $4000 you don't loose out. You don't pay any tax, nor do you lose out on your $100 refund.

Being respectful of the mods earlier post, I stop here.

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Reiki Grand Master

dp_jain
Member since: Jan 04

Posts: 418
Location: Brampton
Post ID: #PID

Posted on: 25-04-07 22:50:37

Trying to contact somone through a forum who wants to covert undeclared income to declared is not a good idea at all.

I fully support your opinion.

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Live and Let Live. Together we can make a difference.

DP JAIN, CPA, CGA, CPA (US), CA(I), LL.B.(I)
416-305-0080
(Loans, Mortgage, Tax, Accounting, Investments)

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 26-04-07 08:08:48

Quote:
Originally posted by Smiley

So why would somebody be interested in showing this as income and paying additional taxes on this Income ?

Out of all the people on this board, I did not expect that from you Smiley! YOu as a tax guy definitley know of the advantages!

Chandresh

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Chandresh

Advice is free – lessons I charge for!!

Aashu
Member since: Nov 04

Posts: 1353
Location: Vaughan
Post ID: #PID

Posted on: 26-04-07 13:00:42

MODERATORS, CAN YOU PL REMOVE THIS THREAD.

THANKS

Smiley
Member since: Mar 03

Posts: 1185
Location: USA
Post ID: #PID

Posted on: 26-04-07 13:17:44

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Out of all the people on this board, I did not expect that from you Smiley! YOu as a tax guy definitley know of the advantages!

Chandresh
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-- I do know some advantages but I was looking for what Aashu had in mind
It seems I have good impression on CD's folks . Thanks! It just increased my self - esteem

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We will find a way or we will make one

rajcanada
Member since: Jul 03

Posts: 2713
Location: Kitchener, ON
Post ID: #PID

Posted on: 26-04-07 18:37:56

deleted

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Contributors: rajcanada(3) Aashu(3) chandresh(2) Smiley(2) Iceberg(1) cdn_dude(1) sudesingh(1) dp_jain(1) tamilkuravan(1)

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