Are Our MP's Breaking Canadian Tax Laws? :CRA SOTW
Alan Baggett
NOTE: This article is not directed against any person, politician,
party or political office.
For the purposes of the income tax, what is income?
Taxable income is money, a right, or something that can be expressed
in terms of money, the value of money or of a right. Even barter
transactions fall under this definition.
So… let’s say your employer provides you with a roof over your head.
That’s a taxable benefit. What if your employer subsidizes your meals
i.e. gives employees a private dining area and charges $15 (as an
example) for a meal that would cost $50 on the street? The difference,
$35, is benefit and so taxable income. And if your employer provides
you with a private company barber and charges you $5 a cut while out
on the street the cost is $15 or $20? Again, this benefit is income
that must be declared and taxed.
These are just a few examples so you get the drift.
Oh, and did you know that the Leader of Canada’s Official Opposition
receives a residence to live in? I wonder if they’re declaring that
benefit on their tax return? The Prime Minister gets a residence as
well. Staff. A cook. Security too. At state functions it is
understandable that the taxpayer pays the bill. But what about at
other times? The midnight snack? A visit to a hockey game? Going to a
school play? Should taxpayers be forced to foot the bill for these
family times?
And what about our Members of Parliament?
Rumour has it that they (and their aides and staffs) have a private
dining room where meals are much cheaper than a comparable meal on the
street. And a private barbershop where cuts and close shaves cost far
less than you and I pay in our towns. Legally, benefits like these are
to be recorded on out tax returns so that we can be properly taxed on
our full income?
Are our federally elected officials claiming these amounts so they can
be taxed on them?
Oh, by the way, guess what isn’t taxable income in Canada?
Among other things, any amount declared exempt by legislation of the
Parliament of Canada. As well, did you know that income from the
Office of the Governor-General is exempt? Amazing that someone who
earns that kind of six figure salary does not have to pay tax on
office earnings yet a part time worker at PetroCan will be taxed to
the max on their $15,000 paycheque!
Funny isn’t it that politicians insist that we all pay our fair share
– yet they don’t seem to be doing so. They all average six figure
salaries. So we should be asking our duly elected officials if they
are complying with Canada’s tax laws? And maybe their tax returns
should be made public so we can ensure that they are. Of course they
would agree to this. Unless they have something to hide of course –
like income and untaxed benefits that they aren’t declaring.
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Miss a Tax Tale Miss a lot!
Pop the link below into your browser to view the entire CRA SOTW
Library!
http://canada.revenue.agency.angelfire.com
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Alan Baggett – Tax Collector’s Bible
Canuck57
Highly doutful the opposition pays taxes on the benefits. Bet the PM
doesn't either. All MPs get part of their income tax free! Pigs at the
trough. One of the first things I would fix if PM is to lose the tax free
income. Let the bastards see first hand the damage they do to peoples pay
cheques.
Don't get me started on their fat indexed pensions fully versted in 6 years.
Oink, oink is the message.
Canada's plutocracy.... best money can buy.
"Alan Baggett" <AlanB...@volcanomail.com> wrote in message
news:2e257fce-776f-4d40...@o2g2000prl.googlegroups.com...
Are Politicians Breaking Canadian Tax Laws? :CRA SOTW
NOTE: This article is not directed against any person, politician,
party or political office.
For the purposes of the income tax, what is income?
Taxable income is money, a right, or something that can be expressed
in terms of money, the value of money or of a right. Even barter
transactions fall under this definition.
So. let's say your employer provides you with a roof over your head.
- yet they don't seem to be doing so. They all average six figure
salaries. So we should be asking our duly elected officials if they
are complying with Canada's tax laws? And maybe their tax returns
should be made public so we can ensure that they are. Of course they
would agree to this. Unless they have something to hide of course -
like income and untaxed benefits that they aren't declaring.
-----------------------------------------------------------
Miss a Tax Tale Miss a lot!
Pop the link below into your browser to view the entire CRA SOTW
Library!
http://canada.revenue.agency.angelfire.com
------------------------------------------------------------
Alan Baggett - Tax Collector's Bible