Sentences with phrase «revenue agency money»
For example, across Canada, if you owe Canada Revenue Agency money they are not subject to these provincial limits.
https://www.bankruptcy-canada.ca/ Not exact matches
Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.
In some ways, hiding money from Canada Revenue Agency using offshore accounts is just another option on this continuum, but when you take the risk into account, it's not a wise move.
In practice, TIEAs allow the Canada Revenue Agency to crack down on citizens hiding money offshore by requesting information from foreign tax authorities.
The federal review of tax expenditures was announced in last year's budget alongside a pledge to give the Canada Revenue Agency more money to fight offshore tax evasion.
The agency is trying to determine whether Josh Tetrick's Hampton Creek Inc. improperly recognized revenue from purchases made with company money.
In 2011 Lutheran Social Services (Lutheran Immigration and Refugee Services) one of the largest Social Justice, Government funded, resettlement agencies, revenue was $ 31,653,748 of which $ 30,376,568 (96 %) was taxpayer money.
«Because the fare does not nearly cover the cost of delivering the service, if you leave it flat you're just asking the public to give you the money elsewhere,» said Vitiello, who believes that, even if the agency does find a new revenue stream, it would likely still need the anticipated fare increase.
«It is clearly a false allegation and severe distractions for DSP Mohammed Isah Hamman or any other person to wrongly without any proof or evidence accuse the Inspector General of Police of failure to remit money realised from policemen attached to private citizens and oil companies amounting into about N10 billion monthly internally generated revenue (IGR), when the truth and facts are that Nigeria Police Force is not a revenue generating agency.
At a budget public hearing two weeks ago, concerns were raised that the sharp decline in recyclables would have the dual effect of depriving the agency of revenue and costing it more money to ship garbage to a landfill in Seneca Meadows near Syracuse.
Do you know if there are agencies that keep their ladies to generate revenues based on their correspondence, and just pay rake - offs to the ladies based on the amount of money spend by their «clients»?
If you find yourself owing significant money to the Canada Revenue Agency it's not necessary to put yourself through the stress of creating an adversarial relationship with the CRA to deal with those tax debts.
As a Chartered Accountant with an income tax background, I meet with many people from Kitchener, Ontario, who owe money to the Canada Revenue Agency (CRA or formally Revenue Canada).
As long as you charge at least 1 % interest on the loan (the current minimum allowed by the Canada Revenue Agency), the spouse who borrows the money can invest it in his name, and the returns will be taxed at his rate.
With Fraud Prevention Month well underway, the Canada Revenue Agency recently issued a news release «reminding Canadians that the minority of tax preparers and promoters who try to make money at the expense of Canadian taxpayers are not getting away with it.»
If you plan to use this strategy, be aware that the Canada Revenue Agency (CRA) insists that you leave the money in the spousal RRSP for up to three years after the higher - income spouse has made a deposit, otherwise, it's taxed in the higher earner's hands.
There is however still a timing issue to consider when filing a proposal if you owe money, or will owe money, to Canada Revenue Agency.
There are also no limitations on money owed to the Canada Revenue Agency.
If the deficiency is greater than $ 600, the lender must file a 1099C form with the Internal Revenue Service (IRS), letting the agency know how much money was forgiven.
If you are one of the unfortunate ones who has a balance owing to the Canada Revenue Agency (CRA) on your 2016 return, and you just don't have the money to pay, you are not alone.
Just be aware of the Canada Revenue Agency's attribution rules: You can't make a contribution in the same year you withdraw the money, or in either of the two previous tax years.
Problem is, says Melanson, many of these investors aren't actually looking for a revenue - producing purchase — just a place to park their money, away from the prying hands of other governments and other tax agencies.
Norman also suggests filling in a T1213 form with Canada Revenue Agency (CRA) if you want to get your refund upfront every year and put that money to work for you right away.
The higher - earning spouse can also lend money to the lower - earning spouse to buy investments, but the Canada Revenue Agency's prescribed interest rate of 1 % must be charged.
The result of proper tax planning is more money in your pocket and less to the Canada Revenue Agency (CRA).
«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.
In all of our offices throughout Ontario we encounter debtors who owe tax money to the Canada Revenue Agency («CRA»), formerly called Revenue Canada.
Usually, it is difficult to enforce wage garnishment (deducting money from a person's wage) on pensions, unless your creditor has more authority like the Canada Revenue Agency.
Any money generated through rentals must be reported as income to Canada Revenue Agency says Caroline Battista, a senior tax analyst at H&R Block.
The survey also found that one in three who anticipated getting money back from the Canada Revenue Agency after making an RRSP contribution planned on saving or reinvesting the return, while one in four planned to pay down non-mortgage debt.
Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.
The Canada Revenue Agency reassessed his 2013, 2014 and 2015 tax years to deny a portion of the interest deducted, saying the taxpayer was not entitled to deduct interest relating to the returns of capital that had been used for personal purposes, «as the money borrowed in respect of those returns of capital was no longer being used for the purpose of gaining or producing income.»
We have the person who owes the tax debt, there's the Canada Revenue Agency who is owed the money.
The federal review of tax expenditures was announced in last year's budget alongside a pledge to give the Canada Revenue Agency more money to fight offshore tax evasion.
Jamie Golombek, managing director of estate and tax planning at CIBC, said CIBC had sought clarification from the Canada Revenue Agency and been told the money can go in now.
Add this one to our long list of scams: some Canadians have received letters (both by email and Canada Post) supposedly from the Canada Revenue Agency indicating they are owed money, but that the government does not have sufficient information on file for them to forward the outstanding amount.
Stokoe Partnership Solicitors» expertise consistently attracts high profile criminal defence work prosecuted by bodies, such as HM Revenue & Customs, the Serious Fraud Office, the Crown Prosecution Service, National Crime Agency, the Department for Business, Energy & Industrial Strategy and various other regulatory bodies in relation to serious crime matters including fraud, bribery, corruption, money laundering, fraudulent trading, HMRC and VAT allegations, cybercrime and hacking, drug trafficking, armed robbery, murder and extradition.
«Suspicion» in the Proceeds of Crime Act 2002, s 330 has been interpreted to mean that a bank will be required to make a disclosure wherever it, subjectively, forms a settled view that there is a more than fanciful possibility that the relevant facts which give rise to the suspicion of money laundering exist (see K Ltd v National Westminster Bank plc (Revenue and Cutoms Prosecution Office and Serious Crime Agency intervening)[2006] EWCA Civ 1039, [2006] All ER (D) 269 (Jul)-RRB-.
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To a certain extent, programs offering low - interest first mortgage financing are a specialty of state housing finance agencies, which use annual allocations of tax - exempt mortgage revenue bond authority or dedicated state funds to generate pools of mortgage money at bargain rates, generally about 1 percent to 2 percent below market rates.
In terms of tax planning... it ain't, and you are more than likely letting Canada Revenue Agency (CRA) get away with more of your money than is necessary.