Banks or Gangs?

grunt
#1
Banks or Gangs? 1
I am talking about Canadian banks, I do not have much experience with US.
Most of us have heard and hopefully remember the 4 customers who lost money to their banks one by one. I really do not know details of their problems but I know details of mine and want people to know and be very careful regardless of their misplaced trust in banks. When I heard of the 4th victim I decided it was time to talk; although I was 'warned' by OBSI investigator of my 'obligation' not to talk about the investigation. What about his obligations to his job and to me to be honest, unbiased, justice and just decent human being; how about these?? Besides thing that we do in 'secret' stink. I have been a customer of CIBC for a long time and everything 'seemed OK' until I moved to London, ON when the nightmare started. In addition to small incidents, they tried to cheat me in Visa interest then tried to screw up my RRSP and when I fought back they put withhold on my accounts. I could not get any where with the bank brass let alone help to resolve the problem. From CIBC Customer Care and Ombudsman to OBSI (Ombudsman for Banking Services) all stand together to screw up customers. Although facts might be glaring in their faces but they choose to close their eyes and minds and render the most bizarre decisions. Here is what exactly happened without any exaggeration. I am an old man with health problems. Cold is not only painful but it is actually dangerous to me. For that I leave to US every winter.
I manage my accounts, and still do, well. Before my US trips I usually calculate my monthly Visa payments, if any, and estimate what I might charge in my stay and pay the total in advance. One year I spent a little over my estimate. The statement arrived just couple of days before leaving to Canada. The unpaid amount was less than $100. I figured if I sent a check, I would arrive and pay before the check reaches the bank, besides the interest would be roughly about $3. When the next invoice arrived the interest was over $12. I made an accurate calculation and even added an extra day, to find the interest less than $4. So I called CIBC Visa to correct the 'mistake'. Apparently they were expecting my call because the guy answering, cut me off right after I said "I received the invoice and..." before completing my sentence. He said in a loud serious firm voice "SIR ... we charge interest on the whole amount from the day it is posted and that is what you signed for". Notice his choice of words; whole amount. I replied also in same voice "SIR ... that is not what I signed for. What I signed for is to pay interest on the unpaid amounts only. The interest you charged me, on the unpaid amount is over 64% and that is not rip off ... it is theft" there was short period of silence then he said "how about no interest, we are not charging you interest" I said fine.
Here is what Visa was trying to do:
⦁Normally if you pay part of the balance before the "due date", you are charged interest on the unpaid amount only. All banks do that.
⦁I pay CIBC Visa in advance sum of money usually $500 - $1000 for 4+ months. CIBC pays me zero interest on it and it is OK.
⦁Visa had a large portion of the purchase price already in hand before the purchase was made.
⦁Visa wanted to charge me interest on my money that they already had in their hands, in addition to the unpaid balance!!! What kind of scam was that??
I had 2 GICs in my RRSP maturing in Dec. 2017. I went to the bank and gave my instructions in Nov. 2017 and I was ready to leave for the US. But due to an unrelated unexpected problem I was forced to postpone my travel. I went to the bank to deposit a check to find out that CIBC was trying to screw me up again. I had one RRSP GIC maturing in Dec 2015 (one of the 2 in 2017), I gave my instruction to the bank in Nov 2015 then left to US. CIBC ignored my instruction and did their own plan. At the time I thought it was an honest mistake (misplaced trust) and did nothing. Now in 2017 it can not be another honest mistake. I was angry and tried to get my instructions implemented, but CIBC was determined to ignore them to the point I asked for the police. That was useless; they did not know “banking laws”?? Or may be they know they can do nothing, thanks to the corrupt powers that be. Banking laws are set to screw up people, why? That is another discussion. In both years there were no papers printed or signed and I thought it was an effort to reduce paper use; stupid mistake and misplaced trust believing they are honest and will do it. But that was not the case, they had no intention of honoring my wishes at all; Why? Only one reason comes to mind, any guesses? I made a complaint in another branch and left for my trip after assurances that my instructions will be implemented. I received a statement in Jan. 2018 showing that my instructions were completely ignored. I cut my trip short and came back to Canada; as a result of the effect of the cold I was unable to move for 2 months. When I was able to move I went to the bank trying to salvage what I can. Things went from bad to worse; they refused to change what they had done with my RRSP as if the money was theirs not mine. They lied to me constantly. Like any sane person I did not want to keep my money in a bank like this; my trust was below ZERO. So I tried to withdraw my money and invest it somewhere else. CIBC refused to give me my money!!! I complained to Customer Care and his best offer was that CIBC is willing to implement my instructions that I gave in Nov 2017; this offer was made in Jul 2018!!! I wrote to CIBC Ombudsman (and president) and received “Rules of Engagement” from the Ombudsman, it was a war!! Customers who fight for their money are considered enemies. CIBC wanted me to sign an agreement allowing CIBC “to collect and share information and communicate with third parties”. That agreement did not have an "end date" or "list of people/organizations" that my personal information would be shared/disclosed to. Considering CIBC history with customers’ information (2004), I asked them to add these 2 points to the agreement, for me to sign. The agreement should be void after the investigation ends. The list is to limit its use to those who have direct connection to the problem. As it was, CIBC could have used it indefinitely and gave/sold my information to anyone on the street; literally. CIBC refused, why? I wrote to OBSI and first responses indicate that it is same old story; treat the victim as the guilty one and let the guilty walk away laughing. The investigator stated that the cost of my ruined trip will not be refunded because I would have "incurred it" if I stayed. I am sure he would fight like hell to get a refund if his 'pleasure' vacation was ruined. Also, he suggested that there was no need for me to come back and I could have resolved the problem by “other means”?? He did not say what these ‘other means’ are. Being 2000+ km away; letters/faxes and phone calls are the only ‘means’ I know. He chose to ignore/forget the fact that I tried very hard in person to resolve the problem before I left then after I came back without success and that was why I wrote to him!!! I went to the bank in Sep trying to take my money out, but I was told that Oxford branch manager who had created all this, put withhold on my accounts (why would she has this power???) and I was not given any reason. Few days later I decided to go to the bank and leave in one of 2 ways; leave with my money or refuse to leave until police arrests me. Fortunately for everyone, specially me, I am old with many health problems, I got most of MY MONEY. I have seen a lot in my life but I have never seen or heard of anything even close to these bizarre events anywhere in the world (OK? OBSI). Through out these events communications between OBSI and I continued. Early in the investigation, the analysis of the investigator was so bizarre I complained to their complaining office. Instead of replacing him they ignored my complaint. The final decision included reasons of justification that were so absurd I could hardly believe an investigator would produce such BS. His reasons ignored facts, made no sense, had contradicting statements, and even twisting facts or making up new ones to support his predetermined decision. Decision will be analyzed later.
In the meeting of Nov 2017, 'the financial adviser' tried relentlessly to sell me some Mutual Fund. I declined politely but she did not stop until I told her that I was not satisfied with CIBC Mutual Fund I already have. I don't think anybody should be subjected to this kind of pressure especially seniors. Although I am pretty stubborn, at one point I almost agreed just to shut her up, they know that!!! Failing to take my money for crappy Mutual Fund, she started asking me about my Tax Returns?? (strange? more than you think, next time).
These happenings are not new to some banks. The difference is; it used to be small, hidden, timidly done, infrequent and resolved if you complain; now it is an epidemic, large and brazen right in your face and you will always be on the losing end. Or may be it was the same and I did not notice because I was young and can fight. Banks that do this are specialized in taking money from Minorities and the Elderly; easy pry. I am sure there are more people losing money and don't know it because they don't monitor their accounts based on misplaced trust!! Even if you monitor your account, it will not be safe. I thought I was OK monitoring my money but alas they will not leave you alone.
Whoever said "people in finance have no sense of hummer" is wrong? What is more hilarious than these 2 items; CIBC has department/office for "Customer CARE" and OBSI logo says "Inspiring CONFIDENCE in the Canadian Financial Services"; aren't these the best JOKES ever? Personally; what I got from this experience is huge disappointment, lost confidence, and absolute mistrust.
Ever wondered why there are no actions against this epidemic of money grabbing by banks; simple.
Continues …
 
Walter
#2
No one reads long posts.
 
DaSleeper
+2
#3  Top Rated Post
Must be a Mhz relative!


https://www.youtube.com/watch?v=PFf8yDx_rS8
 
Twin_Moose
Conservative
#4
Is anyone aware of the new CRA and the Bank's 3rd party agreement? The CRA can just put a request to the Bank's 3rd party for money that the CRA claim are in default, the bank will go into your account and seize it for the CRA with no communication to the account holder.
 
petros
+1
#5
Quote: Originally Posted by Twin_Moose View Post

Is anyone aware of the new CRA and the Bank's 3rd party agreement? The CRA can just put a request to the Bank's 3rd party for money that the CRA claim are in default, the bank will go into your account and seize it for the CRA with no communication to the account holder.

Before the end of his term JT will have us paying taxes on garage sale income.
 
Twin_Moose
Conservative
+1
#6
10 more months, however the CRA mandate won't change I afear, offshore banking is making it's mark onshore putting the Banks in an awkward position to be CRA collection agents.
 
petros
+2
#7
CRA has the banks beat for being thieves, liars and bastards. Banks operate within legal bounds. CRA not so much.
 
DaSleeper
+2
#8
Ever since Harper's income splitting in 2012, I've been getting a refund
 
petros
#9
We get to use that this year.
 
Twin_Moose
Conservative
#10
I thought it was taken away
 
spilledthebeer
#11
Quote: Originally Posted by grunt View Post

Banks or Gangs? 1
I am talking about Canadian banks, I do not have much experience with US.
Most of us have heard and hopefully remember the 4 customers who lost money to their banks one by one. I really do not know details of their problems but I know details of mine and want people to know and be very careful regardless of their misplaced trust in banks. When I heard of the 4th victim I decided it was time to talk; although I was 'warned' by OBSI investigator of my 'obligation' not to talk about the investigation. What about his obligations to his job and to me to be honest, unbiased, justice and just decent human being; how about these?? Besides thing that we do in 'secret' stink. I have been a customer of CIBC for a long time and everything 'seemed OK' until I moved to London, ON when the nightmare started. In addition to small incidents, they tried to cheat me in Visa interest then tried to screw up my RRSP and when I fought back they put withhold on my accounts. I could not get any where with the bank brass let alone help to resolve the problem. From CIBC Customer Care and Ombudsman to OBSI (Ombudsman for Banking Services) all stand together to screw up customers. Although facts might be glaring in their faces but they choose to close their eyes and minds and render the most bizarre decisions. Here is what exactly happened without any exaggeration. I am an old man with health problems. Cold is not only painful but it is actually dangerous to me. For that I leave to US every winter.
I manage my accounts, and still do, well. Before my US trips I usually calculate my monthly Visa payments, if any, and estimate what I might charge in my stay and pay the total in advance. One year I spent a little over my estimate. The statement arrived just couple of days before leaving to Canada. The unpaid amount was less than $100. I figured if I sent a check, I would arrive and pay before the check reaches the bank, besides the interest would be roughly about $3. When the next invoice arrived the interest was over $12. I made an accurate calculation and even added an extra day, to find the interest less than $4. So I called CIBC Visa to correct the 'mistake'. Apparently they were expecting my call because the guy answering, cut me off right after I said "I received the invoice and..." before completing my sentence. He said in a loud serious firm voice "SIR ... we charge interest on the whole amount from the day it is posted and that is what you signed for". Notice his choice of words; whole amount. I replied also in same voice "SIR ... that is not what I signed for. What I signed for is to pay interest on the unpaid amounts only. The interest you charged me, on the unpaid amount is over 64% and that is not rip off ... it is theft" there was short period of silence then he said "how about no interest, we are not charging you interest" I said fine.
Here is what Visa was trying to do:
⦁ Normally if you pay part of the balance before the "due date", you are charged interest on the unpaid amount only. All banks do that.
⦁ I pay CIBC Visa in advance sum of money usually $500 - $1000 for 4+ months. CIBC pays me zero interest on it and it is OK.
⦁ Visa had a large portion of the purchase price already in hand before the purchase was made.
⦁ Visa wanted to charge me interest on my money that they already had in their hands, in addition to the unpaid balance!!! What kind of scam was that??
I had 2 GICs in my RRSP maturing in Dec. 2017. I went to the bank and gave my instructions in Nov. 2017 and I was ready to leave for the US. But due to an unrelated unexpected problem I was forced to postpone my travel. I went to the bank to deposit a check to find out that CIBC was trying to screw me up again. I had one RRSP GIC maturing in Dec 2015 (one of the 2 in 2017), I gave my instruction to the bank in Nov 2015 then left to US. CIBC ignored my instruction and did their own plan. At the time I thought it was an honest mistake (misplaced trust) and did nothing. Now in 2017 it can not be another honest mistake. I was angry and tried to get my instructions implemented, but CIBC was determined to ignore them to the point I asked for the police. That was useless; they did not know “banking laws”?? Or may be they know they can do nothing, thanks to the corrupt powers that be. Banking laws are set to screw up people, why? That is another discussion. In both years there were no papers printed or signed and I thought it was an effort to reduce paper use; stupid mistake and misplaced trust believing they are honest and will do it. But that was not the case, they had no intention of honoring my wishes at all; Why? Only one reason comes to mind, any guesses? I made a complaint in another branch and left for my trip after assurances that my instructions will be implemented. I received a statement in Jan. 2018 showing that my instructions were completely ignored. I cut my trip short and came back to Canada; as a result of the effect of the cold I was unable to move for 2 months. When I was able to move I went to the bank trying to salvage what I can. Things went from bad to worse; they refused to change what they had done with my RRSP as if the money was theirs not mine. They lied to me constantly. Like any sane person I did not want to keep my money in a bank like this; my trust was below ZERO. So I tried to withdraw my money and invest it somewhere else. CIBC refused to give me my money!!! I complained to Customer Care and his best offer was that CIBC is willing to implement my instructions that I gave in Nov 2017; this offer was made in Jul 2018!!! I wrote to CIBC Ombudsman (and president) and received “Rules of Engagement” from the Ombudsman, it was a war!! Customers who fight for their money are considered enemies. CIBC wanted me to sign an agreement allowing CIBC “to collect and share information and communicate with third parties”. That agreement did not have an "end date" or "list of people/organizations" that my personal information would be shared/disclosed to. Considering CIBC history with customers’ information (2004), I asked them to add these 2 points to the agreement, for me to sign. The agreement should be void after the investigation ends. The list is to limit its use to those who have direct connection to the problem. As it was, CIBC could have used it indefinitely and gave/sold my information to anyone on the street; literally. CIBC refused, why? I wrote to OBSI and first responses indicate that it is same old story; treat the victim as the guilty one and let the guilty walk away laughing. The investigator stated that the cost of my ruined trip will not be refunded because I would have "incurred it" if I stayed. I am sure he would fight like hell to get a refund if his 'pleasure' vacation was ruined. Also, he suggested that there was no need for me to come back and I could have resolved the problem by “other means”?? He did not say what these ‘other means’ are. Being 2000+ km away; letters/faxes and phone calls are the only ‘means’ I know. He chose to ignore/forget the fact that I tried very hard in person to resolve the problem before I left then after I came back without success and that was why I wrote to him!!! I went to the bank in Sep trying to take my money out, but I was told that Oxford branch manager who had created all this, put withhold on my accounts (why would she has this power???) and I was not given any reason. Few days later I decided to go to the bank and leave in one of 2 ways; leave with my money or refuse to leave until police arrests me. Fortunately for everyone, specially me, I am old with many health problems, I got most of MY MONEY. I have seen a lot in my life but I have never seen or heard of anything even close to these bizarre events anywhere in the world (OK? OBSI). Through out these events communications between OBSI and I continued. Early in the investigation, the analysis of the investigator was so bizarre I complained to their complaining office. Instead of replacing him they ignored my complaint. The final decision included reasons of justification that were so absurd I could hardly believe an investigator would produce such BS. His reasons ignored facts, made no sense, had contradicting statements, and even twisting facts or making up new ones to support his predetermined decision. Decision will be analyzed later.
In the meeting of Nov 2017, 'the financial adviser' tried relentlessly to sell me some Mutual Fund. I declined politely but she did not stop until I told her that I was not satisfied with CIBC Mutual Fund I already have. I don't think anybody should be subjected to this kind of pressure especially seniors. Although I am pretty stubborn, at one point I almost agreed just to shut her up, they know that!!! Failing to take my money for crappy Mutual Fund, she started asking me about my Tax Returns?? (strange? more than you think, next time).
These happenings are not new to some banks. The difference is; it used to be small, hidden, timidly done, infrequent and resolved if you complain; now it is an epidemic, large and brazen right in your face and you will always be on the losing end. Or may be it was the same and I did not notice because I was young and can fight. Banks that do this are specialized in taking money from Minorities and the Elderly; easy pry. I am sure there are more people losing money and don't know it because they don't monitor their accounts based on misplaced trust!! Even if you monitor your account, it will not be safe. I thought I was OK monitoring my money but alas they will not leave you alone.
Whoever said "people in finance have no sense of hummer" is wrong? What is more hilarious than these 2 items; CIBC has department/office for "Customer CARE" and OBSI logo says "Inspiring CONFIDENCE in the Canadian Financial Services"; aren't these the best JOKES ever? Personally; what I got from this experience is huge disappointment, lost confidence, and absolute mistrust.
Ever wondered why there are no actions against this epidemic of money grabbing by banks; simple.
Continues …


Sorry Charlie!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!


You had better read the FINE PRINT more carefully as you are in the wrong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Yes- I think the Visa deal is price gouging on interest!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But if you do not like their service THEN DO NOT USE IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And Yes- Corporate B. S. has reached staggering proportions!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Some years back -Bell Telephone was ordered by CRTC to PAY BACK some long distance phone charges to Cdns like me- with the amount owing being about $40.00..................................


And of course I slipped up and did not pay my monthly bill on time.................................


And Bell charged me interest on the late payment as you would expect .........................


AND THEY ALSO CHARGED INTEREST ON THE GOVT MANDATED REFUND THEY OWED ME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


AND That I DID NOT EXPECT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


So after going to my nearest Bell store and using their in house complaint line FOR FREE - CAUSE I AINT PAYING LONG DISTANCE CHARGES TO SIT ON HOLD WHILE WAITING TO DEMAND MY GOVT REFUND BE PAID IN FULL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I eventually got my full refund!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And the really stupid thing was that Bell ALSO refunded the interest legitimately charged on the late payment!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Oh well!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
taxslave
Free Thinker
#12
Quote: Originally Posted by Twin_Moose View Post

Is anyone aware of the new CRA and the Bank's 3rd party agreement? The CRA can just put a request to the Bank's 3rd party for money that the CRA claim are in default, the bank will go into your account and seize it for the CRA with no communication to the account holder.

Always has been like that. Worse if there isn't enough there they will wait until you make sure deposit and steal that too.
 
spilledthebeer
#13
Quote: Originally Posted by taxslave View Post

Always has been like that. Worse if there isn't enough there they will wait until you make sure deposit and steal that too.


Yeah- I ran into this CRAP when I opened a savings account for my son some time back!!!!!!!!!!!!!!!!!!!


I had my mortgage at that bank and I was there in their building at least once a week.......................and one fine day I actually had



some more money to put into the savings account........................................AND IT WAS GONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


NO ACCOUNT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Cancelled!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!


DEAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


DEACTIVATED FOR LACK OF USE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



So I asked the DIRTY SWINE WHERE MY MONEY HAD GONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And of course much of the money had been eaten up by the fees they had started to charge AFTER I HAD SET UP the account and left the building!!!!!!!!!!!!!


LIE-berals are NOT the only PIGS who engage in BAIT AND SWITCH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And the head teller whined at me that I had not been using the account!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And she went on to point out that there had not been any money withdrawn in some time!!!!!!!!!!!!!!!!!!!!!!!!!!


And so I POINT OUT: ITS A SAVINGS ACCOUNT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


The MONEY IS TO BE SAVED- NOT WITHDRAWN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !


Oh..................UH............but you have not been back to th3e bank for a long time.....................................


So I remind the moron that they hold MY LIFE IN THEIR FILTHY HANDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


THEY HOLD MY MORTGAGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!


AND THEY HOLD MY CHEQUING ACCOUNT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!


AND EACH WEEK MY PAY CHEQUE IS DEPOSITED IN THEIR BANK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And these clowns want to act as if I am a stranger who never does any business with them??????????????????????????


At this point teller figures out she is in deep and so I am transferred over to bank manager!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And manager RETURNS ALL MY MONEY THAT THE BANK HAS CONFISCATED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But of course the bank has NO CONTROL over the federal govt so that $20.00 IS GONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


So it cost me $20.00 in govt fees to discover that having a savings account at a Cdn bank IS BULLSH+T because as soon as you are


out of the building they will start piling on new fees and REDUCING interest payments!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And then the govt will tell us WE MUST SAVE MORE FOR OUR RETIREMENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !


And then govt will wonder why we laugh at them!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Kreskin
#14
Quote: Originally Posted by Twin_Moose View Post

Is anyone aware of the new CRA and the Bank's 3rd party agreement? The CRA can just put a request to the Bank's 3rd party for money that the CRA claim are in default, the bank will go into your account and seize it for the CRA with no communication to the account holder.

The CRA has always had the power to serve a requirement to pay. The document was always binding and final. No amount of bank communication with the customer would change the fact that the money was sent to the CRA.
 
Twin_Moose
Conservative
#15
Quote: Originally Posted by taxslave View Post

Always has been like that. Worse if there isn't enough there they will wait until you make sure deposit and steal that too.

Quote: Originally Posted by Kreskin View Post

The CRA has always had the power to serve a requirement to pay. The document was always binding and final. No amount of bank communication with the customer would change the fact that the money was sent to the CRA.

Yes I was aware of the old system, but they had to communicate their intentions with you, with the new agreement they don't.
 
Kreskin
#16
Quote: Originally Posted by Twin_Moose View Post

Yes I was aware of the old system, but they had to communicate their intentions with you, with the new agreement they don't.

Who had to communicate their intentions?
 
spilledthebeer
#17
Quote: Originally Posted by Kreskin View Post

Who had to communicate their intentions?


Yes- Who had to communicate their intentions????????????????????


I have some personal knowledge of this stuff and I say WITH CERTAINTY that if you owe money to CRA then YOU WILL BE INFORMED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


As for our banks and LIE-beral govt and accounts that are considered "abandoned" -that is mainly BANKER CRAP!!!!!!!!!!!!!!!!!!!!!!!!


With greedy bankers acting more swiftly to raid accounts they think you have forgotten!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



AS I previously posted- I had a chequing account at a big bank- that was in weekly use for my pay cheques and for my mortgage payments- and I also had a savings account at the same bank branch..................


In spite of my WEEKLY ACTIVITY over a period of years on the chequing account- the bank decided I had abandoned the savings account and it could be RAIDED!!!!!!!!!!!!!!!!!!!!!!!!!


CRA would have NO WAY of knowing that my savings account had little activity unless bank TOLD THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!


Its mostly on BULLSH+T banks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



And yes- the LIE-beral govt GOT ITS CUT of my cash frm the bank raiders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Just like LIE-berals are doing - getting their cut with crooked casinos laundering dirty Chinese cash and just like they are doing with legal Weed sales that IS VERY LIKELY A FRONT FOR illegal producers!!!!!!!!!!!



After a major fuss- the bank refunded my money........but of course being a LIE-beral means never having to say you are sorry!!!!!!!!!!!!


NOR does a LIE-beral EVER refund money- UNLESS it can buy votes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



It is one thing for banks to take away cash from accounts they deem forgotten and inactive!!!!!!!!!!!!!!!!!!!!!!!!!


It is QUITE ANOTHER THING to have CRA put a hold on your bank account because you have been convicted of being a TAX CHEAT!!!!!!!!!!!!!!!!!!!!!!!!


When CRA reaches the point of freezing your bank accounts it means they have given up on trying to make you pay voluntarily!!!!!!!!!!


I knew a guy- this is 20 years ago- and no it was not me- who was working remodelling kitchens...................


and the guy had a rented apartment to live in and a rented workshop for his biz.............................


And he was working hard and making a success of things...........................


and CRA was rather neglected......................................... ...


And guy got a letter to please submit his tax forms...............and forgot about the letter............................


CRA sent another letter asking him to contact their office to make an appointment to discuss his missing tax forms......................and he forgot........................................


CRA sent another letter TELLING HIM to come to an appointment on a specific day and time..............to discuss his tax obligations......


And he got a real nice profitable job and forgot about the appointment...................................


He got one more letter ORDERING HIM to appear for an appointment or legal action would be taken!!!!!!!!!!!!!!!!!!!!!!!!


And he forgot..................................just too busy making money...........................



And one Sunday morning he found out the hard way you can only ignore CRA for so long..........................


A loud knock at the door woke him from sleep.........................


A CRA agent. with cops and lock smith were at the door with assorted papers and DEMANDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Give us the keys and ownership of your car- license number etc!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Your choice- hand over the keys or we TOW the vehicle and BILL YOU for the tow and for changing ALL the locks!!!!!!!!!!!!!!!!!!!!!



Okay.......keys handed over......................................


Give us the keys to your pickup truck license.....etc, or we tow it and change locks and charge you........................


Keys handed over.......................................


Get dressed and come with us to your work shop!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!


They arrive at shop where sheriffs proceed to empty the shop of all tools and equipment- loading small items into HIS CAR and large items into HIS pickup truck!!!!!!!!!!!!


And the guy is shouting "NO, WAIT"????????????????????????


How can I keep in business if you take all my tools and material????????????????????????


That`s your problem!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And more shouting- "that $500.00 saw you are carrying is not mine, it belongs to the rentall place. you cannot take it"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Yes we can- its on you to deal with rentall bills!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


CRA has ALWAYS had the power to make you pay!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Banks digging into your accounts is a NEW THING authorized by GREEDY LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Kreskin
#18
Quote: Originally Posted by spilledthebeer View Post

Yes- Who had to communicate their intentions????????????????????


I have some personal knowledge of this stuff and I say WITH CERTAINTY that if you owe money to CRA then YOU WILL BE INFORMED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
As for our banks and LIE-beral govt and accounts that are considered "abandoned" -that is mainly BANKER CRAP!!!!!!!!!!!!!!!!!!!!!!!!
With greedy bankers acting more swiftly to raid accounts they think you have forgotten!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AS I previously posted- I had a chequing account at a big bank- that was in weekly use for my pay cheques and for my mortgage payments- and I also had a savings account at the same bank branch..................
In spite of my WEEKLY ACTIVITY over a period of years on the chequing account- the bank decided I had abandoned the savings account and it could be RAIDED!!!!!!!!!!!!!!!!!!!!!!!!!
CRA would have NO WAY of knowing that my savings account had little activity unless bank TOLD THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!
Its mostly on BULLSH+T banks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And yes- the LIE-beral govt GOT ITS CUT of my cash frm the bank raiders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Just like LIE-berals are doing - getting their cut with crooked casinos laundering dirty Chinese cash and just like they are doing with legal Weed sales that IS VERY LIKELY A FRONT FOR illegal producers!!!!!!!!!!!
After a major fuss- the bank refunded my money........but of course being a LIE-beral means never having to say you are sorry!!!!!!!!!!!!
NOR does a LIE-beral EVER refund money- UNLESS it can buy votes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It is one thing for banks to take away cash from accounts they deem forgotten and inactive!!!!!!!!!!!!!!!!!!!!!!!!!
It is QUITE ANOTHER THING to have CRA put a hold on your bank account because you have been convicted of being a TAX CHEAT!!!!!!!!!!!!!!!!!!!!!!!!
When CRA reaches the point of freezing your bank accounts it means they have given up on trying to make you pay voluntarily!!!!!!!!!!
I knew a guy- this is 20 years ago- and no it was not me- who was working remodelling kitchens...................
and the guy had a rented apartment to live in and a rented workshop for his biz.............................
And he was working hard and making a success of things...........................
and CRA was rather neglected......................................... ...
And guy got a letter to please submit his tax forms...............and forgot about the letter............................
CRA sent another letter asking him to contact their office to make an appointment to discuss his missing tax forms......................and he forgot........................................
CRA sent another letter TELLING HIM to come to an appointment on a specific day and time..............to discuss his tax obligations......
And he got a real nice profitable job and forgot about the appointment...................................
He got one more letter ORDERING HIM to appear for an appointment or legal action would be taken!!!!!!!!!!!!!!!!!!!!!!!!
And he forgot..................................just too busy making money...........................
And one Sunday morning he found out the hard way you can only ignore CRA for so long..........................
A loud knock at the door woke him from sleep.........................
A CRA agent. with cops and lock smith were at the door with assorted papers and DEMANDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Give us the keys and ownership of your car- license number etc!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Your choice- hand over the keys or we TOW the vehicle and BILL YOU for the tow and for changing ALL the locks!!!!!!!!!!!!!!!!!!!!!
Okay.......keys handed over......................................
Give us the keys to your pickup truck license.....etc, or we tow it and change locks and charge you........................
Keys handed over.......................................
Get dressed and come with us to your work shop!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!
They arrive at shop where sheriffs proceed to empty the shop of all tools and equipment- loading small items into HIS CAR and large items into HIS pickup truck!!!!!!!!!!!!
And the guy is shouting "NO, WAIT"????????????????????????
How can I keep in business if you take all my tools and material????????????????????????
That`s your problem!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And more shouting- "that $500.00 saw you are carrying is not mine, it belongs to the rentall place. you cannot take it"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yes we can- its on you to deal with rentall bills!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CRA has ALWAYS had the power to make you pay!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Banks digging into your accounts is a NEW THING authorized by GREEDY LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Of course the CRA has to inform you, but when has the bank ever had to correspond with anyone before acting on a CRA demand? If that process is now disclosed in bank documentation it's only to let you know how it works. The bank has never had any option but to comply.

Thank your bank for creating more fine print. Everyone reads the fine print.
 
grunt
#19
Banks or Gangs? 2
From comments I think it was misunderstood that when teller asked about my tax returns it was because I owe CRA money, no she asked for TFSA account that has nothing to do with CRA. I wanted to write all same time for clarity. Nobody has time even for important stuff, read this to understand.
In part 1, I wrote about details of my horrible experience with CIBC. Their refusal to implement my instruction for my RRSP and doing their own plan. Then when I fought back CIBC 'withheld' my money for NO REASON and I could not get it for along time. CIBC attitude was 'if we can't get your money, you will not get it either'. They do it just because they CAN, thanks to the powers that be. But I got most of it. I was given $500 'compensation' and denied all other claims, but I am still fighting.
Now, I hope we all remember CIBC fiasco of 2004. Customers' information was sent to a US citizen. When the news became public, CIBC declared that it was going to sue the American. The whole thing was so bizarre, there are many questions left unanswered.
1.Why was customers' information sent to anyone in US? Was it sent by error or was it sold and a deal gone bad?
2.Why did the American go to the media? Negotiation ended bad?
3.Why did CIBC wanted to sue the American instead of thanking him for alerting the bank to the problem; if it was really an error? Did CIBC want to keep it quite and not report it? Obviously CIBC could not sue because the American did not hack CIBC computers, they sent it to him!!
4.What happened? This was a huge breach of customers' privacy, was there any investigations by CIBC, anyone government/privacy commissioner/police?
5.What ever happened to the person who did it, whether it was an error or intentional?

That should have been a red flag for me, and it was. But where would I go, most other banks are in the same boat. Ask the financial regulators. Here are my experiences with other banks:
CIBC: you have read what happened recently and information fiasco. Here is something else; about 10 yr ago, in Mississauga, I had an account. I went to the branch to withdraw cash to buy a computer. The teller got the money and sat on his chair and put his hands with the cash under the desk on his lab and 'counted' it. Brought his hands up on the desk and asked me if I wanted it in an envelope. I replied "do you mind if I count them first?" He put his hands down again with the money under the desk, then gave it to me. While I was counting the money he used his phone to talk to someone. Leaving the bank and going to my car, I noticed a car standing idling and people inside starring at me. I did not know what it was, it was just strange. I went shopping but did not buy computer. When I got home I found out that passenger side door was damaged and somebody broke into my car, I did not loose money it was with me (1).
Bank of Nova Scotia: 30+ yr ago I had an account with a branch close to my home. Then I got very busy at work, I had to work late every day and in weekends. I had to get another account with RBC close to work. I waited until first chance to close my account with Scotia bank about 3 months later (not sure). When I went to withdraw the money and close the account the teller looked at her terminal and said "that account is closed". She did not elaborate, that was it; probably expected me to just leave. I said "who closed it? I did not close it and what happened to the money?" She went and brought some people to look at the terminal (they could have done that in their offices). Then she told me that "the account is dormant". I asked shouldn't they have notified me and what happened the money. Now she knew I was not just going to leave my money. She said that to reactivate the account I had to make a transaction. That was exactly what I asked for first thing; withdraw the money!!!
Royal Bank: 20-30 yr ago I had a cashable progressive/escalating GIC. First year has the lowest and final year has the highest rate. Unfortunately I needed the money one year earlier than maturity. Of course I lost final year's interest. The redemption paper had 9 in all digits of the certificate number instead of the real number, it was strange. Because I did not know what it was I did not say anything but I kept it. On tax time I received the tax form for interest earned; it showed the total interest at maturity including final year. It was significantly higher than what I got, interest rates those days were double digits. I took the tax form and redemption paper to the bank and told the teller to either give me the difference or correct the tax form. Tax form was corrected. It looked fishy to me so I wrote to the head office; I thought they should know. I was not looking for anything not even thanks. I told them what happened and I got it corrected. The reply I got was strange, it basically said: you got it corrected, so? About 5 yr ago I moved to Niagara Falls and manager of RBC tried to convince me to use Online Banking emphasizing that it was zero liability to me if I did not do the transaction, but I was still not comfortable. Not long after that, just few days, my card did not work at ATM. I went inside and got the money and the card was fixed. Couple of days later I was blocked out trying to use my card. I went inside; first thing they did was to accuse me and ask what I did!! Contrary to what they tried to sell me about Zero Liability??? Although not one cent was missing, first thing accusations were flying. Then I found out that a new card was ordered and I did not receive it. After that I closed my account.
Bank of Montreal: I opened an account with BMO after closing my account with RBC. The account I chose was checking with zero monthly charge if balance is above certain amount. The minute I moved to London, ON the bank started to charge me a rather large monthly service charge without giving any notice. I took the account agreement to a branch in London and asked for refund and account closing. I refused to consider keeping the account after the refund.
TD: 10-20 yr ago I had an account with TD. I needed quarters ($0.25) for laundry machines, I usually give the teller $10 bill and she takes a roll of quarters from the drawer and gives it to me. That time the teller took the roll from the drawer and put her hands down under the desk for few seconds then gave it to me. It was strange, and at home I counted the quarters to find that she took one quarter; she did all this to steal ONE quarter, if she had asked me, I would have given her 2 quarters!!! (2).
What kind of people do banks hire? What process or interview do they go through? Do banks send someone to stand on the street and pick people? Do banks ask any questions other than if wages are acceptable? Then OBSI investigator says; I have to take banks employees' word for it, really Mr investigator? No offense to good employees, bad apples stink the whole bunch. As I mentioned to OBSI, banking employees are a segment of society. They do as the rest and act like others, they have the Good, the Bad and the Ugly, also.

I wrote to the office of the Federal Finance Minister that told me to use the “complaints processes”!!
Ever wondered why there are no actions against this epidemic of thefts by banks, simple.
Continues …
 
Kreskin
+1
#20
They are definitely out to get you, Grunt. They're like, 'ah, here comes Grunt. Lets be rude to him and steal his quarters, like the interbank's secret Grunt memo recommends.'
 
Twin_Moose
Conservative
+1
#21
Quote: Originally Posted by Kreskin View Post

Of course the CRA has to inform you, but when has the bank ever had to correspond with anyone before acting on a CRA demand? If that process is now disclosed in bank documentation it's only to let you know how it works. The bank has never had any option but to comply.
Thank your bank for creating more fine print. Everyone reads the fine print.

CRA does not have to communicate with you anymore
 
spilledthebeer
#22
Quote: Originally Posted by Kreskin View Post

Of course the CRA has to inform you, but when has the bank ever had to correspond with anyone before acting on a CRA demand? If that process is now disclosed in bank documentation it's only to let you know how it works. The bank has never had any option but to comply.

Thank your bank for creating more fine print. Everyone reads the fine print.


YOU ARE MISSING THE POINT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


In my post about my "MISSING" savings account - IT WAS THE BANK TAKING THE LEAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


CRA was simply sent a cut of my money AFTER the bank implemented ITS OWN CHOSEN POLICY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


If the bank had kept its mouth shut- there is good reason to believe that CRA would have been and REMAINED OBLIVIOUS to my account and situation!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Put blame where it belongs- on our GREEDY BANKERS!!!!!!!!


Several decades back- and some years after the Yankees had gone through their savings and loan trust company disaster- one of our big Cdn banks decided to set up shop in United States!!!!!!!!!!!!!!!!


But things did not go well- and its hard to say why????????????


Maybe Yankees just dont trust foreigners with their money?????????????????


Or maybe Yankees took issue with the fee gouging that Cdns put up with???????????????????


In any case the Yankee experiment got shut down- and the Cdn bankers PROCEEDED TO SCREW PORTIONS OF THE PUBLIC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


FORGET ABOUT ANY KIND OF FAIR DISTRIBUTION OF THE REMAINING CASH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Bank investors who had over $30 grand invested GOT ALL THEIR INVESTMENT RETURNED!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And those with less than $30 grand invested GOT TOLD TO FCUK OFF- YOUR MONEY IS GONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


So much for justice and equality from any bank!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
MHz
#23
The CRA will just tap you when you do your taxes. It is more likely they will tap you for money you owe the banks rather than going to court when you already deal with them. People pay up pretty fast when their driving permit won't be renewed before they pay up.
 
Kreskin
#24
Quote: Originally Posted by spilledthebeer View Post

YOU ARE MISSING THE POINT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


In my post about my "MISSING" savings account - IT WAS THE BANK TAKING THE LEAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


CRA was simply sent a cut of my money AFTER the bank implemented ITS OWN CHOSEN POLICY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


If the bank had kept its mouth shut- there is good reason to believe that CRA would have been and REMAINED OBLIVIOUS to my account and situation!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Put blame where it belongs- on our GREEDY BANKERS!!!!!!!!
Several decades back- and some years after the Yankees had gone through their savings and loan trust company disaster- one of our big Cdn banks decided to set up shop in United States!!!!!!!!!!!!!!!!


But things did not go well- and its hard to say why????????????


Maybe Yankees just dont trust foreigners with their money?????????????????


Or maybe Yankees took issue with the fee gouging that Cdns put up with???????????????????


In any case the Yankee experiment got shut down- and the Cdn bankers PROCEEDED TO SCREW PORTIONS OF THE PUBLIC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


FORGET ABOUT ANY KIND OF FAIR DISTRIBUTION OF THE REMAINING CASH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Bank investors who had over $30 grand invested GOT ALL THEIR INVESTMENT RETURNED!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And those with less than $30 grand invested GOT TOLD TO FCUK OFF- YOUR MONEY IS GONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


So much for justice and equality from any bank!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sorry Spilled, that makes no sense.
The problems with these kind of claims are:
1) There is only one side of the story told, and
2) The side that's told is incoherent
 
spilledthebeer
#25
Quote: Originally Posted by Kreskin View Post

Sorry Spilled, that makes no sense.
The problems with these kind of claims are:
1) There is only one side of the story told, and
2) The side that's told is incoherent




Go ahead Kreskin!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Pull a magical solution out of your sleeve!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Our Cdn banks produce EVER HIGHER PROFITS FOR A GOOD REASON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And apparently Kreskin- YOU ARE NOT NEARLY AS CLEVER as your magical name sake!!!!!!!!!!!!!!!!!!!!!!!!!!!



If you did not understand my post then you are also incapable of understanding anything about CRA operations as well!!!!!!!!!!!!!!!!!!!!!


Just because you want to blame CRA instead of the banks does not mean you are correct!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


In the absence of other valid information I fall back on my PERSONAL EXPERIENCE with MY confiscated bank account!!!!!!


I BLAME THE BANK -----NOT CRA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I remind you- I was in the bank WEEKLY FOR MY CHEQUING ACCOUNT???????????????


So HOW did BANK DECIDE MY SAVINGS ACCOUNT WAS ABANDONED????????????????????


And HOW would CRA have known even IF I had a savings account?????????????????????????



This was PRE COMPUTER ERA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And in other news .........................Here is an article illustrating how bad LIE-berals are with budgeting and fiscal math! With some comments of my own in brackets):

Toronto lost nearly $1B in GDP due to scrapped tourist rebate, report says
CBC/Radio-Canada

Published November 1, 2018

It was a program that was phased out by the federal government more than a decade ago, but new numbers from the Retail Council of Canada (RCC) show the visitor rebate could have brought in $993 million in Gross Domestic Product to Toronto and $5.96 billion to Canada over the span of 10 years.

The visitor rebate program — introduced in the 1990s — allowed visitors to Canada get a rebate for the sales tax on items that they purchased in the country.

(So.....if the program that GAVE MONEY BACK to tourists is scrapped- and the money STAYS in govt pockets- then how is Toronto going SHORT?)

The RCC analyzed international visitor spending over the span of 10 years, also factoring in other elements such as currency rates and spending on advertising.

"Nearly $6 billion has been lost from our economy as a result of this policy change," said Sebastian Prins, senior policy analyst with the RCC.

(Again- if you STOP giving money away then how are you losing money?)

The federal government scrapped the program in 2007, citing costs to administer it and a low number of tourists actually using it.

(Yes- I am sure there were few tourists using the program- likely because they did not know about it! It reminds me of those tv commercials about the “with-holding tax” that states like Nevada put on people who won at gambling houses! You can lose as much as you want and be on your own- but if you win- then they TAKE 30 percent from your “profits”!)

(If they can tax your winnings then why no tax benefit for loses incurred before the win? I suspect those commercials did a lot to harm tourism to places like Nevada by exposing govt greed and hypocrisy! Why not just stay in Canada and be ripped off locally?)

(WE KNOW that Yankee tourists already consider Canada to be COSTLY due to the sin taxes on alcohol, cigarettes and gasoline- so how does a little known govt program that is rarely used actually HELP???)

Toronto hit hardest

"Toronto was the hardest hit," said Prins, who explained that the city is the country's business hub and sees the most international visitors who stay for more than one night.

The Tourism Industry Association of Ontario is also pushing for the Visitor Rebate Program to be be brought back, saying it would attract more international tourists who spend money to the province.

(Is it not amusing that Toronto had its BIGGEST EVER tourist crowd in the year after mayor Rob Ford was “stripped” of his powers? And then of course- just to ensure Toronto remained “competitive” ,Silly Hall put a surcharge on hotel rooms to grab extra gravy!)

(The ONLY REAL BEEF Toronto has with this canceled federal rebate deal is that it is another level of govt getting and keeping the gravy for itself- and not sharing with Toronto Hogs!)

The Caribbean carnival is just one of a number of festivals that attract tourists to Toronto. But a new report says the federal government's decision to scrap the visitors rebate in 2007 cost the city nearly $1 billion in tourism dollars.

(Uh huh and considering the govt grants available to Carnival- it looks like great GREED to be whining about the federal program! After all- each Toronto citizen gets TEN TIMES MORE in provincial funding than a citizen in any other Ontari-owe municipality! They call Toronto HOG TOWN for a REASON!!!!!!!!!!!)

"The tourism industry has been talking about bringing the program back for 10 years," said Beth Potter, president and CEO of the Tourism Industry Association of Ontario.

(Yes- we ALL like freebies paid for out of the pockets of others! Have these idiots not noticed that Canada is BANKRUPT!!!!!)

"Anywhere where we can make it any easier to choose Canada — and Ontario in particular — that's a good win in our perspective."

The federal government replaced the visitor rebate with the Foreign Convention and Tour Incentive Program (FCTIP).

It doesn't offer rebates on GST/HST products bought in Canada. Instead, it offers rebates to:

Non-residents for the GST/HST paid on short-term and/or camping accommodation in Canada included in an eligible tour package.

(In other words you don’t get to cheat the tax man by staying at an Un-licenced Airbnb and then make a GST claim- since you never paid GST to begin with!!!!! Doesnt this PROTECT licenced hotels from tax cheats?)

Convention sponsors, organizers and exhibitors for the GST/HST paid on certain properties and/or services used in the course of conventions held in Canada.

But the RCC says that doesn't go far enough, adding that Canada is the only Organization for Economic Co-operation and Development (OECD) country that has a federal sales tax but doesn't have a rebate system.

(Ah- so the new program is bad because it is not generous enough to HOGS!)

"We would like to see this brought back," said Prins.

"We've seen a damage to GDP as a result of this program being cancelled. It's our stance that the government should bring this back."

(What these city Hogs are saying is that LIE-beral taxes are TOO HIGH for some companies to survive on their own! After all- we have Hollywood North thriving in Toronto thanks to LIE-beral tax reductions! And we have LIE-berals giving all sorts of tax gifts to get our mouldy green electrical system started! )

(And now we have various big mouths demanding that General Motors be “saved” - meaning bailed out -AGAIN- with our tax money! And we have already seen how well tax gifts worked for Bombardier!!!!!)

(All this is to indicate that LIE-berals are just bitching to distract us from their MASSIVE DEFICITS! LIE-berals are merely pretending they have some solution to the desperate fiscal mess they have made! )

In a written statement to CBC Toronto Wednesday evening, a federal Ministry of Finance official wrote that "the government has made significant investments to drive tourism, including enhanced tourism marketing and other areas that directly benefit from this important industry.

(Yes- Robbing Peter to pay Paul and then giving some back to Peter is classic LIE-beral bait and switch!!!)

"Numbers are on the rise, with 2017 being the best year ever for tourism in Canada," the statement reads.

"In her capacity as Minister of Tourism, Minister [Melanie] Joly will also be working on a new federal tourism strategy that will drive even more economic growth and create good jobs for the middle class in this important sector."
The visitor rebate program allowed international visitors to recoup the sales tax on products purchased in Canada. It was scrapped by the federal government in 2007.

(Oh RIGHT!!!!!!!!!!!!!!!!!! LIE-berals “will create good jobs in this important sector”!!!!!!!! LIE-berals have given a billion dollars to Bombardier and yet Toronto Transit cannot get its street cars delivered! And Toronto is now starting to SEND BACK street cars for shoddy welding jobs!! And LIE-berals have just written off two billion dollars in “uncollectible loans” that were given to General Motors in 2008! And now GM is leaving Canada apparently for ever!)

(And the GM loss would have been even BIGGER if Harper govt had listened to LIE-berals in 2008! LIE-berals called Harper STINGY for ONLY offering up a couple of billion dollars in loans etc! And then after Harper was defeated and Our idiot Boy and his loser LIE-berals were elected- they turned around and called Harper WASTEFUL for spending so much in the GM ingrates!)

(And of course now that Wynne-bag Ontari-owe LIE-berals got caught claiming their budget was balanced when in fact they had a $16 billion dollar deficit; and now that federal LIE-berals are running those mad series of $20 billion dollar rebates and GM is GONE- LIE-berals have stopped sneering at Harper- for now!)




 
spilledthebeer
+1
#26
Quote: Originally Posted by Kreskin View Post

Sorry Spilled, that makes no sense.
The problems with these kind of claims are:
1) There is only one side of the story told, and
2) The side that's told is incoherent


If i felt inclined- I would dig out the old newspaper clipping as proof!!!!!!!!!!!!!!!!!!!!!!!!!!!


But a magical minded maroon like Kreskin aint worth the effort!!!!!!!!!!!!!!!!!!!!!!!!!!!!


He would just say I faked it or made it up or.......well..........we all know how many way a person of a certain mind set has to "D' anything they dont like!!!!!!!!!!!


We can be sure it suits banks to blame CRA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And we can be sure it suits CRA to blame banks!!!!!!!!!!!!!!!!!!!!!!!!!!!!


So we are back top my PERSONAL experience with an falsely confiscated savings account!!!!!!!!!!!!!!!!!!!!!!!!!!!


And Kreskin offers no rebuttal except wishful thinking!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
grunt
#27
Banks or Gangs? 3
I wrote about the mess banks are in; but to be fair there is someone/group in TD bank trying to improve service and attitudes. Whether it is going to be successful or not, still to be seen. I have doubts; because unfortunately, there are some people in all banks who believe in “it is us against them”; 'them' meaning customers.
After I posted part 1, some people who love to criticizes everybody else voiced their 'opinions' saying it was CRA (Canada Revenue Agency). First; CRA should not and does NOT tell people what, how much and where to invest their RRSP. Second; anybody that has a brain and read Part 1 would have found out immediately that it was never about CRA; it was about my RIGHT to CHOOSE and DECIDE how to invest my RRSP; not the bloody CIBC decides for me against my will??? Also some indicated that banks do not inform customers if CRA took their money. In general; people entrust banks with their money, so if the status or anything happened to that money even by a legal requirement, the bank has the obligation and duty to inform the customer of the situation. This is a form of a contract between the customers and their bank, nobody else. We understand that banks have to obey legal matters, but that does not mean they have to be sloppy and do not do their duties. Also in many cases there is a time limit for the customer to take actions to recover their money. That is why banks charge service fees and make profits on customers' money, not because banks are so cute. What if the bank took the money letting customer assume it was CRA?
The following incident is very strange and if I were not part of it, I would not have believed it. But sometimes reality is more strange than fiction. Just few weeks before the maturity of my GICs in 2017, I received 2 phone contacts. The first was a text message informing me that I have a tax problem and directed me to call an 800 number. When I did not call I received a phone call with a recorded message of tax problem and an 800 number; I did not respond again. Then I got a call from CIBC to go and discuss the maturing GICs. During the meeting, after failing to sell me crappy Mutual Fund, out of the blue I was asked about my taxes? Then one week after the meeting I received a 3rd call. Some might think it is a coincidence; but I think it is too much coincidence. Personally, I think there is always a reason/motive for everything. When the Tax Scam was first revealed on the News, I just felt that “it is an inside job or at least inside connection”. Whoever is doing that scam will not go to the phone book and haphazardly pickup numbers. It would be waste of time, they do not know anything about these prospective victims; whether they can pay anything or not. It would be more effective if information about that person is known in advance. Who are the best people to know how much a prospective victim has and how much they can pay? It is even better if some personal characteristics are known. Who are the best people to know some tax details about prospective victims? Put these 2 together and you have a formidable and convincing force for scamming. It was reported on the News that some estimate that the scam has cost Canadians Hundreds of Millions of Dollars. With that amount of money, the obvious question is; who was involved? It was also reported that police have arrested some people in India as the scammers. Do they think that they have got the Master Minds of the scam, or these are the poor operators? Personally, these are pawns/patsies that real scammers put in front to be arrested to calm victims and get the issue and search die down. This conclusion is an educated guess. I do not have solid proof, therefore I can not be 100% sure. However these 'Indian' operators knew things about me only people I have been in contact with before would know.
I do not know if it is coincident or not. Just after I posted my say, whenever I am connected to the Internet I get this notification of my location at the bottom of the screen with the name of the city I am in. I know what it is!! Or is it that some people are telling me "we know where you are". It stopped now. Any way I just thought I mention it.

Ever wondered why there are no actions taken to stop banks?
Continue ...
 
petros
+1
#28
Did you learn things like "interest from savings are taxable", "if you use a matching savings tax credit you lose the credit when withdrawing early plus taxes", "banks can go after a savings account when chequeing account is in arrears"?
 
spilledthebeer
#29
Quote: Originally Posted by grunt View Post

Banks or Gangs? 3
I wrote about the mess banks are in; but to be fair there is someone/group in TD bank trying to improve service and attitudes. Whether it is going to be successful or not, still to be seen. I have doubts; because unfortunately, there are some people in all banks who believe in “it is us against them”; 'them' meaning customers.
After I posted part 1, some people who love to criticizes everybody else voiced their 'opinions' saying it was CRA (Canada Revenue Agency). First; CRA should not and does NOT tell people what, how much and where to invest their RRSP. Second; anybody that has a brain and read Part 1 would have found out immediately that it was never about CRA; it was about my RIGHT to CHOOSE and DECIDE how to invest my RRSP; not the bloody CIBC decides for me against my will??? Also some indicated that banks do not inform customers if CRA took their money. In general; people entrust banks with their money, so if the status or anything happened to that money even by a legal requirement, the bank has the obligation and duty to inform the customer of the situation. This is a form of a contract between the customers and their bank, nobody else. We understand that banks have to obey legal matters, but that does not mean they have to be sloppy and do not do their duties. Also in many cases there is a time limit for the customer to take actions to recover their money. That is why banks charge service fees and make profits on customers' money, not because banks are so cute. What if the bank took the money letting customer assume it was CRA?
The following incident is very strange and if I were not part of it, I would not have believed it. But sometimes reality is more strange than fiction. Just few weeks before the maturity of my GICs in 2017, I received 2 phone contacts. The first was a text message informing me that I have a tax problem and directed me to call an 800 number. When I did not call I received a phone call with a recorded message of tax problem and an 800 number; I did not respond again. Then I got a call from CIBC to go and discuss the maturing GICs. During the meeting, after failing to sell me crappy Mutual Fund, out of the blue I was asked about my taxes? Then one week after the meeting I received a 3rd call. Some might think it is a coincidence; but I think it is too much coincidence. Personally, I think there is always a reason/motive for everything. When the Tax Scam was first revealed on the News, I just felt that “it is an inside job or at least inside connection”. Whoever is doing that scam will not go to the phone book and haphazardly pickup numbers. It would be waste of time, they do not know anything about these prospective victims; whether they can pay anything or not. It would be more effective if information about that person is known in advance. Who are the best people to know how much a prospective victim has and how much they can pay? It is even better if some personal characteristics are known. Who are the best people to know some tax details about prospective victims? Put these 2 together and you have a formidable and convincing force for scamming. It was reported on the News that some estimate that the scam has cost Canadians Hundreds of Millions of Dollars. With that amount of money, the obvious question is; who was involved? It was also reported that police have arrested some people in India as the scammers. Do they think that they have got the Master Minds of the scam, or these are the poor operators? Personally, these are pawns/patsies that real scammers put in front to be arrested to calm victims and get the issue and search die down. This conclusion is an educated guess. I do not have solid proof, therefore I can not be 100% sure. However these 'Indian' operators knew things about me only people I have been in contact with before would know.
I do not know if it is coincident or not. Just after I posted my say, whenever I am connected to the Internet I get this notification of my location at the bottom of the screen with the name of the city I am in. I know what it is!! Or is it that some people are telling me "we know where you are". It stopped now. Any way I just thought I mention it.

Ever wondered why there are no actions taken to stop banks?
Continue ...


GRUNT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Yeah.......................... that is about your speed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


You aint seeing the BIG PICTURE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Firstly -the Cdn banks are NOT in a mess!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


They are the most fiscally solid ones on the planet!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!


Fiscally solid is GOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But uncontrolled and unregulated GREED as our banks are engaged in is BAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



And the Cdn banks post record profits every year because LIE-berals allow it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


AS for CRA- I was one of those who BLAMED BANKS for grabbing money from so called "abandoned" accounts!!!!!!!!!!!!!!!!!!!!!!!


I cited the example of a savings account set up with the same, name. address and phone number of my chequing account- in the SAME BANK BRANCH - and the chequing account was USED WEEKLY for pay cheques and for mortgage payments!!!!!!!!!!!!!!!!!!!!!!!!!!


Yet in spite of my weekly banking activity- my bank - one of the BIG 5 - chose to declare my savings account "abandoned" and took the money for themselves- AFTER giving a nice CUT to CRA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!


AND NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !


IN SPITE of my weekly presence in the bank I WAS NOT NOTIFIED OF THE IMPENDING CONFISCATION OF MY SAVINGS ACCOUNT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Not by my bank!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Nor by CRA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And CRA WOULD NOT HAVE KNOWN ABOUT LOW ACCOUNT ACTIVITY IF BANKS HAD NOT WARNED THEM of the profitable opportunity coming up!!!!!!!!!!!!!!!!!!!!!!!!!


CRA DOES NOT monitor weekly bank activity- they have IN BANK SNITCHES for that!!!!!!!!!!!!!!!!!!!!!!!!!!!!



As for your GIC`s- be aware that most information put online IS AT RISK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!


And all it takes- even if you dont bank online- is for some low level bank employee to accept a bribe in exchange for printing off a list of names of people whose GIC`s are maturing- and sending the list off to scammers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


As for the tax scammers- BLAME THAT ON LIE-BERALS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!


The DIRTY SWINE have been IGNORING white collar crime for DECADES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!


Many here will recall the stupid look on the face of Conrad Black as he got photographed while removing masses of probably incriminating papers from his Toronto office in defiance of a LIE-beral COURT ORDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And Blakc had the aid of his LIMO DRIVER to move those DOZENS OF BOXES!!!!!!!!!!!!!!!!!!!!!!!!!!!1



And in spite of the court order about the document...............of course Black was NEVER CHARGED with any crime in Canada!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Cdn LIE-berals left it to Yankees to set a trial for Black!!!!!!!!!!!!!!!!!!!!!!!!!



LIE-berals are so CHEAP WITH LEGAL COSTS that they released SEVEN ACCUSED KILLERS WITHOUT the bother of a trial in summer 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !


In that same year - LIE-berals also released - with out the bother of a costly trial- four men in two separate FRAUD CASES who had STOLEN a total of $44 million dollars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!


And LIE-berals have been stung by public reaction to the release of hard core criminals so now privacy laws are apparently in place!!!!



Sadly, not so many people will recall the Calgary chief of police appearing on national news about 20 years back- and looking straight into the cameras and announcing: "it is now the policy of Calgary police NOT TO BOTHER INVESTIGATING CASES OF MORTGAGE FRAUD"!!!!!!!!!!!!


AND WHY would a top cop NOT CARE ABOUT MORTGAGE FRAUD??????????????????????


The chief pointed out that if the banks think that chasing fraud artists is a nuisance and a waste of bank officers valuable time.......then there is NO REASON for the cops to worry either!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And now you are back to greedy banks and Lazy LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


With CRA standing on the sidelines!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



I recall once hearing a definition of lawyers which ran thusly: "a lawyer is a guy who shuns the fighting- but is quick to rush out onto the battle field after the fighting is over- and the lawyer then energetically bayonets the wounded"!!!!!!!!!!!!!!!!!!!


I suggest that CRA has a rather legal mind set!!!!!!!!!!!!!!!!!!!!!!!!!
 
Kreskin
#30
Spill
You either:
Had the Cra serve a requirement to pay, and that brought your account to a zero balance
And/or
The account was dormant (inactive for two years) and the small fee they charged reduced your balance to zero
Or
The account was unclaimed (inactive for 9 years) and by law, and after numerous dormant notices sent out and not responded to, theyy sent the unclaimed funds to the Bank Of Canada, to which you can claim if that is where it went.
 

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