From: Canuck57@nospam.com   
      
   On 12/05/2011 8:51 PM, Sharx335 wrote:   
   >   
   >   
   > "Canuck57"  wrote in message   
   > news:7YYyp.935$8z7.713@newsfe17.iad...   
   >> On 06/05/2011 10:38 PM, Sharx335 wrote:   
   >>>   
   >>>   
   >>> "Canuck57"  wrote in message   
   >>> news:ApWwp.5680$xo2.5626@newsfe07.iad...   
   >>>> On 03/05/2011 10:49 AM, Alan Baggett wrote:   
   >>>>> Where do our taxes go? :CRA SOTW   
   >>>>>   
   >>>>> By David OliveBusiness Columnist   
   >>>>>   
   >>>>   
   >>>> Lets simplify it and say 50% of Ottawa spending is waste. Bailing out   
   >>>> banks, GM, Chrysler, dozens of others, African banks, Pakistan and   
   >>>> dozens of other pork fest around the world help Canadians little.   
   >>>>   
   >>>> CRA computers are sick like dogs this year. They have 7 years of my   
   >>>> tax filings at a Canadian address, as a resident, same address, no   
   >>>> foreign holdings and they think I am a foreign resident for TFSA even   
   >>>> though I have payed them a HUGE amount of money!!!   
   >>>>   
   >>>> Not only that, they screwed me $48 because my wife had $128 in a Co-op   
   >>>> payment.... No wonder it does not pay to work for many, add the costs   
   >>>   
   >>> Was that Co-op payment a patronage payment? IF so, and IF you had   
   >>> entered the T4A slip properly, you would NOT be taxed on it.   
   >>   
   >> Yep. But it is taxed. Deductions and slip. If you get a T slip, money   
   >> deducted it is income. If the person is a dependent of another, it   
   >> reduces their deduction. So, say it is $130, they pay you $40...but on   
   >> taxes it is $140...big earner last buck rate is 40% so they hose you.   
   >> So you end up paying 40% on $140 - real hose job.   
   >>   
   >> --   
   >> Take a look at ANY country, more debt is more problems. So why do we   
   >> allow our governments more debt? Selfishness, greed, denial, ignorance?   
   >   
   >   
   > Several of my tax clients receive patronage payments from co-ops. They   
   > receive an annual T4A slip from the co-op which shows the amount   
   > received and the amount of tax withheld. The PROFESSIONAL tax software I   
   > use has provision for such NON-taxable patronage payments. I enter the   
   > amounts in the proper input areas and VOILA, the income amount is NOT   
   > included in net income and any tax withheld is added to credits...and   
   > refunded, as the case may be. I suggest that you retain the services of   
   > a PROFESSIONAL tax preparer. This is yet another example why a LOT of   
   > people should NOT be doing their own income taxes.   
      
   I used a pro as well as double check, and it was filed as you said.  CRA   
   just adjusted it down on the return when issuing the refund.   
      
   Probably pissed because I was getting a big refund of my own moneys so   
   some chair mushroom was pissed.   
      
   I intend to follow up with the crooks.  Just to be a PITA.   
      
   --   
   Take a look at ANY country, more debt is more problems.  So why do we   
   allow our governments more debt?  Selfishness, greed, denial, ignorance?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)