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   can.taxes      All that "free" healthcare has a price      23,408 messages   

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   Message 22,522 of 23,408   
   Nobody to All   
   Re: Missing income is costly : CRA SOTW   
   10 Jun 12 18:43:54   
   
   From: not@home.anymore   
      
   Canuck57 wrote:   
      
   > On 05/06/2012 3:41 PM, Alan Baggett wrote:   
   >> Consider the recent case of Barbara Norlock, who failed to report   
   >> interest income of $876 in her 2006 income tax return and also   
   >> failed to report $18,376 on her 2008 return. She was hit with a   
   >> federal and provincial penalty of $1,837.60 each.   
   >   
   > No one forgets $18K of interest income.  Maybe 53 cents in some   
   > obscure bank account, but not $18K.   
      
   No kidding.  Baggett is nuts if he thinks that was just an 'oversight'.   
      
   > Like most, I put together a check list and wait until every slip   
   > is received.  Even had to get one fixed this year as the bank   
   > fouled it up good.   
   >   
   > I don't side with greedy Ottawa too often, but in this case,   
   > sounds like the right judgment.   
   >   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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