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

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   Message 22,523 of 23,408   
   Canuck57 to Alan Baggett   
   Re: Missing income is costly : CRA SOTW   
   09 Jun 12 15:13:12   
   
   From: Canuck57@nospam.com   
      
   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.   
      
   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.   
      
   --   
   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 but debt and discontentment.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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