Canada is cracking down on elite tax evaders

[mentalfloss]

Bill Morneau has been exonerated.

Live at a tony address? Taxman targeting Canada's richest neighbourhoods to nab tax cheats

CRA is reviewing 1,150 wealthy households to nab cheaters who're richer than their income tax filings suggest

Dean Beeby · Senior reporter, Parliamentary Bureau · CBC News
November 27, 2017

Canada's tax agency has launched a project to hit Canada's wealthiest citizens where they live — literally.

The Canada Revenue Agency's Postal Code Project is targeting the wealthiest neighbourhoods in all regions of the country, those with gold-plated postal codes, where auditors will pore through the tax filings of every well-heeled resident, address by address.

They're looking for undeclared wealth, signs that a taxpayer is actually richer than their income tax filings suggest.

"Comparing someone's lifestyle — cars, boats, houses — to their reported income helps us identify people who are non-compliant," said CRA spokesperson Zoltan Csepregi.

Details of the initiative, launched in the summer, were obtained by CBC News under the Access to Information Act.

Live at a tony address? Taxman targeting Canada's richest neighbourhoods to nab tax cheats - Politics - CBC News

 

[pgs]

He didn't sell those shares 5 days before announcing tax changes ? I didn't read that .

 

[mentalfloss]

Well check your glasses then.

 

[mentalfloss]

Fiery Bill Morneau dares Tories to take their allegations outside the House, threatens legal action | National Post

 

[Hoof Hearted]

If Morneau is guilty of insider trading, he''ll be taking it up the hooper in a Kingston Pen.

 

[mentalfloss]

He's a gift for Trudeau.

The Cons have completely shifted focus.

 

[Corduroy]

Rich postal codes huh? Are they auditing all of Vancouver?

 

[mentalfloss]

And Oakville.

 

[petros]

2. I guess that is plural.

 

[TenPenny]

If Morneau is guilty of insider trading, he''ll be taking it up the hooper in a Kingston Pen.

Yeah, so you don't know anything about Canada's prison system. Good job.


Morneau needs to resign, but that won't happen, because all political parties are owned by big business.

 

[Hoof Hearted]

Why so churlish tonight, huh?

 

[mentalfloss]

This played right into Trudeau's Sunny Ways and Decorum talking points.



Tories call for Morneau to resign, but Trudeau defends his finance minister

OTTAWA -- Conservative Leader Andrew Scheer demanded Bill Morneau hand in his resignation Wednesday as political rivals intensified their attacks on a finance minister mired in controversy for weeks.

But Prime Minister Justin Trudeau launched a spirited defence of Morneau, accusing the Tories of engaging in baseless personal attacks that they won't repeat outside the House of Commons for fear of being sued.

"After careful consideration, in my capacity of leader of the Opposition, I am officially calling on Bill Morneau to resign as finance minister," Scheer said shortly before question period, where the issue dominated debate.

He advised Trudeau to fire Morneau if he refused to step aside on his own.

But the prime minister said he still has full confidence in Morneau and then went on the offense against the Opposition.

"The fabrications and the personal attacks, the slinging of mud in this place, and hiding behind parliamentary privilege, is not what Canadians expect from this place," Trudeau said.

Tories call for Morneau to resign, but Trudeau defends his finance minister | CTV Toronto News

 

[Curious Cdn]

Bill Morneau has been exonerated.

Live at a tony address? Taxman targeting Canada's richest neighbourhoods to nab tax cheats

CRA is reviewing 1,150 wealthy households to nab cheaters who're richer than their income tax filings suggest

Dean Beeby · Senior reporter, Parliamentary Bureau · CBC News
November 27, 2017

Canada's tax agency has launched a project to hit Canada's wealthiest citizens where they live — literally.

The Canada Revenue Agency's Postal Code Project is targeting the wealthiest neighbourhoods in all regions of the country, those with gold-plated postal codes, where auditors will pore through the tax filings of every well-heeled resident, address by address.

They're looking for undeclared wealth, signs that a taxpayer is actually richer than their income tax filings suggest.

"Comparing someone's lifestyle — cars, boats, houses — to their reported income helps us identify people who are non-compliant," said CRA spokesperson Zoltan Csepregi.

Details of the initiative, launched in the summer, were obtained by CBC News under the Access to Information Act.

Live at a tony address? Taxman targeting Canada's richest neighbourhoods to nab tax cheats - Politics - CBC News

Bill Morneau's an hypocrite who exhonerated himself.

 

[mentalfloss]

I KNEW it had an 'h' in there. Don't know why autofill pulled it out.

 

[TenPenny]

If you think the CRA is cracking down on elite tax evaders, you need to share whatever drugs you're taking.

 

[mentalfloss]

Are you saying that this endeavour is a farce?

 

[OpposingDigit]

I think all this talk about aiming at postal codes is all a load of crap.

Would it not be simpler just to aim the audits at anybody earning a hundred thousand or more a year rather than a postal code showing where the 100 thousand dollar per year earner might live? Why not just audit anybody who earns a 100 grand per year, no matter what their postal code is?

 

[Jinentonix]

Are you saying that this endeavour is a farce?

KPMG ring any bells?

 

[mentalfloss]

Don't follow tax audit news.

What happened with them?

 

[taxslave]

I think all this talk about aiming at postal codes is all a load of crap.

Would it not be simpler just to aim the audits at anybody earning a hundred thousand or more a year rather than a postal code showing where the 100 thousand dollar per year earner might live? Why not just audit anybody who earns a 100 grand per year, no matter what their postal code is?

That would include every construction worker I work with. Should audit government employees first if for no better reason than to show they are not biased against working people.

The other side of the coin is that if governments were not hell bent on stealing people's hard earned money there would be no need to cheat. Let the 50% that pay no taxes start paying their fair share.