$25-billion tab (and growing) for overdue taxes :CRA SOTW

$25-billion tab for overdue taxes is 35 per cent higher than five
years ago

Postmedia News December 13, 2010

Canadian individuals and businesses owe $25 billion in overdue taxes
to the federal government, newly released figures show -- enough to
pay off more than half the national deficit if the money were
collected.

The tab for overdue taxes has been climbing in recent years, according
to the Canada Revenue Agency. The $25-billion figure, the amount owing
as of March 31, represents an increase of more than 35 per cent over
the total owing five years ago.

The amount of overdue taxes represents a fraction of the about $358
billion in taxes and duties processed last year by the Canada Revenue
Agency, which employs more than 40,000 people.

The agency anticipates the vast majority of debt owing will be
collected, spokesman Noel Carisse said in an e-mailed statement.

When taxpayers don't pay by the deadline set in their notices of
assessment, the agency sends out reminder letters or makes phone
calls.

If debtors don't pay, the government tries to collect through legal
action, such as seeking a court order to seize income or property.

Last year, $12.5 billion was collected in this manner.

© Copyright (c) The Vancouver Sun

Read more: http://www.vancouversun.com/health/billion+overdue+taxes+cent+higher+...

-----------------------------------------------------------
Miss a Tax Tale Miss a lot!
Visit the CRA SOTW Library at http://canada.revenue.agency.angelfire.com
------------------------------------------------------------
Alan Baggett – Tax Collector’s Bible

NOBODY wants to send money to Ottawa when we have a government like that under Stephen
Harper.

news:4c7ba1c4-ecef-43ae-86a4-59977fde095f@k11g2000vbf.googlegroups.com...
$25-billion tab (and growing) for overdue taxes :CRA SOTW

$25-billion tab for overdue taxes is 35 per cent higher than five
years ago

Postmedia News December 13, 2010

Canadian individuals and businesses owe $25 billion in overdue taxes
to the federal government, newly released figures show -- enough to
pay off more than half the national deficit if the money were
collected.

The tab for overdue taxes has been climbing in recent years, according
to the Canada Revenue Agency. The $25-billion figure, the amount owing
as of March 31, represents an increase of more than 35 per cent over
the total owing five years ago.

The amount of overdue taxes represents a fraction of the about $358
billion in taxes and duties processed last year by the Canada Revenue
Agency, which employs more than 40,000 people.

The agency anticipates the vast majority of debt owing will be
collected, spokesman Noel Carisse said in an e-mailed statement.

When taxpayers don't pay by the deadline set in their notices of
assessment, the agency sends out reminder letters or makes phone
calls.

If debtors don't pay, the government tries to collect through legal
action, such as seeking a court order to seize income or property.

Last year, $12.5 billion was collected in this manner.

Copyright (c) The Vancouver Sun

Read more:
http://www.vancouversun.com/health/billion+overdue+taxes+cent+higher+...

-----------------------------------------------------------
Miss a Tax Tale Miss a lot!
Visit the CRA SOTW Library at http://canada.revenue.agency.angelfire.com
------------------------------------------------------------
Alan Baggett Tax Collector s Bible

"Lege et lacrima" <Lege et lacr...@home.com> jumped out of the airlock.
These were their final words before their head exploded:
news:2GPZo.5106$gI5.4270@newsfe03.iad:

So you somehow think that whether Harper's in office or not, it makes a
difference to how our roads get repaired, EMS gets paid and upkept, food
inspectors get paid, water mains get repaired, ad infinitum ?

(If you think federal tax dollars aren't transferred in part to the
provinces, then the municipalities, you've got some reading to do)

--
Marc Bissonnette
Largest ISP comparison site in Canada: http://www.canadianisp.ca
Web hosting search and comparison: http://www.masterhostlist.com