XPost: can.general, can.politics, ott.general   
   From: campbell@neotext.ca   
      
   On Wed, 12 Oct 2011 22:01:44 -0600, John Fleming wrote:   
      
   > On Wed, 12 Oct 2011 02:06:32 -0600, while chained to a desk in the   
   > scriptorium Canuck57  wrote:   
   >> $On 11/10/2011 9:28 AM, Alan Baggett wrote: $> Nearly ONE MILLION   
   >> Businesses Have Not Paid Income Tax : CRA SOTW $>   
   >> $> Nearly a million businesses have not paid income tax $>   
   >> $> Postmedia News September 28, 2011   
   >> $>   
   >> $> New Democrats are calling for further investigation into why nearly   
   >> a $> million businesses in Canada have not paid any corporate income   
   >> tax $> for nearly a decade, according to recently released figures from   
   >> the $> Canada Revenue Agency.   
   >> $>   
   >> $> "We have to investigate further and see if there are loopholes,"   
   >> said $> NDP finance critic Peggy Nash.   
   >> $   
   >> $NDP must have found a new source of dope or drugs.  Millions of   
   >> $businesses exist in Canada, held by contractors and the like. $   
   >> $But here is a hint for the fleabaggers, you don't pay taxes if you   
   >> don't $make money.  I know someone who has a company for 40 years, but   
   >> hasn't $filed for 15 years because zero income and zero assets.  Keeps   
   >> it for $posterity.   
   >> $   
   >> $I am sure tax greedy CRA is already on it.  And bet most as in 99.9%   
   >> are $a-ok.   
   >   
   > I believe he still does have to file a tax return, no? However, if his   
   > business has no revenue and no earnings, he isn't going to pay any tax   
   > or GST.   
      
   Nope.  That is the USian/IRS way.  You don't actually have to file   
   unless you have taxes owing here.  Now the CRA *will* try to punish you   
   for it if you don't, but they will need to use extra-legal means because   
   there is no law to enforce this.  We have different laws and structures   
   in Canada which the CRA, in it's rush to "harmonize" with the IRS,   
   seems bent on ignoring.   
      
   Dhu   
      
   >   
   > And to pay corporate tax, you have to have more revenue than expenses.   
   >   
   > And lest some think otherwise, business expenses can be applied against   
   > personal income before calculating personal income tax if you are   
   > operating as a sole proprietorship. So if you are making widgets in your   
   > garage, you can claim some of the costs of running your home as business   
   > expenses.   
   >   
   > --   
   >   
   > John Fleming   
   > Edmonton, Canada   
   >   
   >      Old MacDonald had a farm E-I-E-I-O   
   >      And on that farm he had a genome E-I-E-I-O With a SNP SNP here and   
   >      a SNP SNP there, Here a SNP, there a SNP, everywhere a SNP SNP Old   
   >      MacDonald had a farm E-I-E-I-O   
      
      
      
      
      
   --   
   Duncan Patton a Campbell is Dhu >>> Ne Obliviscaris   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)