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|    calgary.general    |    A very nice Canuck city, no libtard BS    |    176,774 messages    |
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|    Message 175,011 of 176,774    |
|    Alan Baggett to All    |
|    Rising writeoffs cost Ottawa over $4B la    |
|    14 Nov 13 04:57:05    |
      From: canada.revenueagency@yahoo.com              Rising writeoffs cost Ottawa over $4B last year : CRA SOTW              Jason Fekete        Published: November 6, 2013, 4:57 pm                     OTTAWA — The federal government wrote off or dismissed more than $4 billion       last fiscal year in money it was owed — a 38-per-cent increase from just two       years ago — at a time it has been trying to eliminate a deficit estimated at       more than $18 billion.              Ottawa’s write-offs, forgiveness and waivers on debts owed to the federal       government totalled about $4.3 billion in the 2012-13 fiscal year, up more       than $350 million from the previous year, newly released federal public       accounts show.              Over the past two years, the worth of debts and obligations lost by the       federal government from write-offs, forgiveness, remissions and waivers has       risen nearly $1.2 billion (to $4.3 billion in 2012-13 from $3.1 billion in       2010-11).              Leading the way in tax-dollar write-offs and forgiveness is the Canada Revenue       Agency, with more than $3.3 billion uncollected from hundreds of thousands of       cases of unpaid tax debts due to bankruptcy, failure to find people, and when       all avenues of        collection have been “exhausted.” About $3 billion of that total was in direct       write-offs.              “The CRA uses every effort to collect all tax debts from those who do not pay       voluntarily. Over time, it is inevitable that some tax balances will not be       collected and eventually written off,” the CRA said Wednesday in a statement.              In 2012-13, the agency resolved $37.3 billion in tax debts through collection,       CRA officials say. In the case of write-offs, taxpayers are still obligated to       pay their debts, and the CRA can still collect the debt if the taxpayers are       located or their        financial situation improves in future.              Human Resources and Skills Development Canada (now known as Employment and       Social Development Canada) was next on the list, with about $528 million in       write-offs, forgiveness and waivers. The department’s write-offs in 2012-13       included about $231 million        on 44,000 uncollected student loans — bringing total student loan write-offs       to more than half a billion dollars in two years.              The mounting losses from write-offs and other uncollected obligations come at       a time the Conservative government is tightening purse strings across federal       departments and laying off thousands of public sector employees. The cash       could also come in handy        in paying down a federal deficit that totalled $18.9 billion at the end of the       2012-13 fiscal year. The Conservative government has promised to eliminate the       deficit in time for the 2015 federal election.              The federal public accounts also show hundreds of millions of dollars worth of       fraudulent claims and stolen goods.              The government paid out nearly $160 million in fake employment insurance       claims last fiscal year, up nearly 25 per cent from the previous year, the       documents show, although the government expects to eventually recover almost       all of that money.              Also, thieves stole millions of dollars worth of military weapons and       accessories, as well as dozens of federally issued BlackBerrys, laptops, iPads       and USB keys in the last fiscal year, the documents show.       The financial reports also show unauthorized use of government-issued credit       cards and fraudulent sick-day claims by Canada Revenue Agency employees.              jfekete@postmedia.com Twitter.com/jasonfekete              Debts, obligations and claims written off or forgiven by the federal       government in the 2012-13 fiscal year:              Write-offs: Number — 374,558; Amount — $3.4 billion       Forgiveness: Number — 352,436; Amount — $646 million       Remissions: Number — 75,575; Amount — $10.7 million       Waivers: Number — 366,014; Amount — $271 million       Total: Number — 1,168,583; Amount — $4.3 billion              Highest-value write-offs, forgiveness and waivers by federal departments and       agencies:        Canada Revenue Agency: $3.3 billion;        Human Resources and Skills Development Canada: $528 million       Federal budget deficit in 2012-13: $18.9 billion       Total federal expenses in 2012-13: $275.6 billion              -----------------------------------------------------------        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 - http://taxcollectorsbible.com/               --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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