CINA radio Advt 90% of tax back?

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Kanya
Member since: Jun 06

Posts: 46
Location: near you
Post ID: #PID

Posted on: 16-11-10 12:37:53

Has anyone heard a recent Ad on Cina radio Re: 90% of your tax can be obtained as a refund without actually contributing to RRSP?

Does any one have any idea aboout this and how it works?

Thanks

Maharaj
Member since: Oct 02

Posts: 1721
Location: Brampton
Post ID: #PID

Posted on: 16-11-10 12:49:12

Quote:
Originally posted by Kanya

Has anyone heard a recent Ad on Cina radio Re: 90% of your tax can be obtained as a refund without actually contributing to RRSP?

Does any one have any idea aboout this and how it works?

Thanks

Does offer look Too Good To Be True?

Ofcourse there are ways but with that Risk of CRA knocking your door is also higher.

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Mumbai Maazi Ladki ...

Delhite
Member since: Nov 04

Posts: 938
Location: Brampton
Post ID: #PID

Posted on: 16-11-10 19:45:21

This is some sort of giving small donations and getting big receipts to claim refund. You can get 90% refund up front but be 99% sure that CRA will get you.

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A Delhite in Toronto

sudesingh
Member since: Jul 04

Posts: 2085
Location: Toronto
Post ID: #PID

Posted on: 16-11-10 20:01:49

Quote:
Originally posted by Delhite

This is some sort of giving small donations and getting big receipts to claim refund. You can get 90% refund up front but be 99% sure that CRA will get you.

Make that 100% sure CRA will audit you. It's been proven

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SS
Reiki Grand Master

dudewheresmycar
Member since: Jan 07

Posts: 980
Location:
Post ID: #PID

Posted on: 16-11-10 20:05:14

My friend is any accountant..

He was suggesting making donations for Tax advantage to me and then a few years later he heard that the people who did that were reassessed and then had to pay taxes...

So stay away from these scams..

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