0499339d   
   From: Canuck57@nospam.com   
      
   On 27/03/2012 8:47 AM, Alan Baggett wrote:   
   > Tax charges dropped against Lark Harbour man : CRA SOTW   
   >   
   > The Crown has withdrawn more than 200 tax-related charges against a western   
   Newfoundland man who had been accused of helping fishermen dodge the system.   
   >   
   > Herbert Sheppard, a Lark Harbour resident, had been charged with violating   
   federal income tax laws.   
   > But lawyer Jamie Merrigan says his client is an honest man who was only   
   doing a favour for friends who made a living from the ocean, and who was   
   red-flagged by tax authorities because of heavy use of a deduction widely used   
   in the fishery.   
   >   
   > It's accepted practice that fishermen can claim a $20 deduction for new   
   lobster pots, even though there are no receipts. Sheppard had used the   
   deduction dozens of times.   
      
   I bet 1000 pots were claimed for ever 5 pots actually made and sold.   
      
   But government shot itself in the foot on this one.  Any business or   
   individual has to show receipts and can be audited on such. No reason   
   for rules to be different for different people and professions other   
   than corruption, inefficiency and pandering.   
      
   Just more big fat government inefficiency and waste.  Bet it cost   
   taxpayers more than the pots were worth.  Sort of like spending a $100   
   in wages to watch $2K in pencil theft.   
      
   Good part, got my realized income so low I will pay less than 10% of the   
   taxes owe-able in 2011 compared to 2010.  And hope to do it better in 2012.   
      
   Screw working for the government without the benefits.  I saved enough   
   and invested enough this debt-tax slave is done with the big tax rape.   
      
   Quite legal too, as in early retirement and cash in the bank you decide   
   how much to pull out of the RRSP as income.  And just pull out enough   
   that with dividends and gains you are slightly taxable at a very low   
   rate.  With no mortgage for 20 years now, cash in the bank, no debt, my   
   cash flow needs can be kept low for a low taxable income.   
      
   A lot of people doing this too.  Boss says no raise or pull back,   
   government taxes up, you say retirement and screw working, screw Ottawa   
   and enjoy doing nothing like 2M+ on welfare, First Nations, immigration   
   assistance and other.  Why work if you don't need to?  Mind you I saved   
   for it, but that is the beauty... I can't be kicked off my own   
   retirement plan as I didn't trust pooled scams.   
      
   Amazing when you don't work how little money you really need.  Vehicle   
   wear and tear is big time down, costs of lunches, transportation, cloths   
   even food is less.  You can even get better last minute rates on big   
   vacations, I flew this year for 1/2 price as I could wait until the   
   price drop.  Even found a place I might buy in Costa Rica.  Didn't buy   
   it as I also want to check Panama out.   
      
   Yep, just time to say screw Ottawa any legal way you can.  Only way to   
   fix Ottawa waste is to let the fools go bankrupt with their greed and debt.   
      
      
   --   
   Liberal-socialism is a great idea so long as the credit is good and   
   other people pay for it.  When the credit runs out and those that pay   
   for it leave, they can all share having nothing.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)