Any language you choose..................................
you are still spewing deliberately misleading BULLSH+T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Lawyers love both Latin and BULLSH+T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But how sad you listened in Latin class......................................
AND SNOOZED through anything related to morals and ethics!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Watching the total collapse of all LIE-beral policy is a classic illustration NOT to trust the legal system to any sort of oversight by LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And a LIE-beral lawyer would give nazi propaganda minister Joseph Goebels lessons in deceit!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here is an article illustrating how greedy for gravy our LIE-beral overlords have become! With some comments of my own in brackets):
Money in the bank: Ottawa looks for new ways to tax dormant accounts
By Dean Beeby. CBC.
Published January 13. 2019
Accountant Brenda Potter Phelan, shown with CBC's Diana Swain, estimates there is at least $6.3 billion in various dormant assets that Canadians have forgotten about and have yet to claim.© CBC Accountant Brenda Potter Phelan, shown with CBC's Diana Swain, estimates there is at least $6.3 billion in various dormant assets that Canadians have forgotten about and have yet to claim.
(And isnt it ODD how little interest banks have in tracking down the owners? Why bother to send out a letter when its more profitable to just KEEP the money!!!!!!!)
Millions of dollars owed to ordinary Canadians sits unclaimed in dormant bank accounts and terminated pension plans — and the federal Department of Finance is looking at fresh ways to tax some of that idle money and to reduce or eliminate any interest paid on it.
(LIE-berals are always telling us we NEED more savings and yet LIE-berals are seeking ways to reduce or eliminate interest paid?? And who misplaces a pension?? Sounds to me like money managers are trying to HIDE money for their profit????)
Proposals to significantly revamp the so-called "unclaimed balances" regime in Canada have undergone more than two years' of consultations and review, and are now in the hands of department bureaucrats.
(The LIE-beral govt, the banks and the taxpayers are all working at cross purposes!)
(Some years back I opened up a savings account at the same bank where I had my chequing account - intending to save for my sons future use and expenses- and did not subsequently add or remove any money from the savings account for about 13 months!)
(During that time I was in the bank WEEKLY for grocery money from my chequing account, my pay cheques were being deposited bi-weekly, my mortgage payments were being made weekly to that bank, and my property taxes bills for heat and light and insurance were also being paid for through the chequing account! The bank could not reasonably suggest that I had left town and disappeared! One quick phone call or a letter to my home would have revealed that I was not dead nor abducted by aliens!!)
(Yet the bank NEVER BOTHERED to contact me about the “abandoned” savings account! After some months of inactivity on the savings account- they deemed it ABANDONED and began LOOTING IT with huge new fees! In those 13 months- ONE THIRD of the money in the savings account was essentially STOLEN in the night by bankers and Revenue Canada!! With NO HINT of warning!!!!!!!!!!!!)
(The bankers who held my mortgage were too lazy to bother warning me with a 30 second phone call or a quick letter!!!! And of course LIE-beral govt believes ALL the money is theirs anyway so they can take back as it suits them!!!!!!!!!!)
(At that 13 month mark- I got some more cash to put into the savings account and thus discovered the LEGAL THEFT!! And the bank attempted to blame me for the theft!! They suggested the account had been abandoned because it had been some time since I took money out!! So I pointed out that IT WAS A SAVING ACCOUNT- taking money out means I am not saving!! The bank DOES NOT UNDERSTAND the concept of SAVING!!!!!!!!!!)
(In the end the bank refunded my STOLEN bank fees - but claimed they could not help recover the major fees already taken by Revenue Canada looters!! This prompts an obvious question: if the account is truly deemed abandoned then why not take it all?? Why take only one third over a 6 month period???????)
(And if the account is deemed abandoned then why not at least make a phone call to warn me before taking action that will generate such HUGE ILL WILL in a customer????????????)
(It all speaks of a disgusting level of greed and arrogance on the part of LIE-berals and bankers!! We might also consider how angry LIE-berals are becoming as so many corporations are piling up profits and putting that cash into savings accounts of their own!!!!!!!!)
(LIE-berals make it clear they are DISGUSTED that corporations make “no use” of that saved cash sitting in bank accounts! LIE-berals find it INSULTING that corporations should save cash for a rainy day- meaning the next economic melt down- 2008 style!!!!)
(LIE-berals are seeking ways to ORDER corporations to spend their money- in ways satisfactory to gravy grabbing LIE-berals! LIE-berals consider it anti social of corporations to save money!!!!!!!!!!!!!!!!!)
(Or we could look at the taxes levied against people who own houses that are sitting vacant for one reason or another! LIE-berals think it is insulting that you are not using the house and thus should be FORCED to pay extra! And never mind that you may be seeking to sell the house and do not want the legal complication of having a hard to get rid of tenant in the place- thanks to LIE-berals who think tenants should have more rights than owners!!!!!!!!!!!!!!!)
(LIE-berals badly want more condos- yet they do not mind tying properties up in red tape while they encourage NIMBY types to argue about property uses! Nor do LIE-berals think it is wrong to tie up landlords with problem tenants who are NEVER easy to evict once the building permits finally get issued! LIE-berals proclaim their greed is a virtue and exclaim that convoluted policy that cancels itself out is a good idea!!!!!!!!!!!!!)
The goal is to modernize an archaic regime dating from the 1940s. The proposed changes also would save Ottawa money while modestly increasing federal revenues.
(Yeah- that archaic regime involved out of date customer service crap like phone calls and letter warnings of major changes being made at the bank! To bad modern and progressive LIE-berals believe such service is DEAD AS DISCO!!!!!!!!!!!)
Each year, federally regulated banks and trust firms turn over to the Bank of Canada any money they find in accounts that have been inactive for a decade and are owned by people who can't be located.
As of Dec. 31, 2017, the central bank carried $742 million in these unclaimed balances. A central registry allows potential owners to search an online database, and about $10 million in claims are paid out each year.
The system dates from 1944, the year the federal cabinet also set the interest paid on interest-bearing unclaimed accounts at 1.5 per cent — a rate higher than the one currently paid on ordinary bank saving accounts.
The Bank of Canada holds the money for 30 years if the account balance is under $1,000, or for 100 years if it's more than $1,000. After the Bank of Canada releases the unclaimed cash, it goes into Ottawa's general revenues.
(OH there is LIE-beral BULLSH+T!! My little savings account was well below $1000 and there was NO WAY OFFERED to recover the major Govt fees that had been collected!!!!!!!!!!!!)
Finance Canada wants to cut or eliminate the interest paid on these balances. And small balances — those less than $100, which account for 70 per cent of all unclaimed balances — would be held for an as-yet unspecified period much shorter than 30 years before reverting to general revenues.
(It is legal LIE-beral THEFT! Something like 30 percent of the Toronto population moves once a year because of work or housing pressures- and crossing half the city for less than $100 dollars means you may not do it for a while- with most of the population SADLY UNAWARE of how fast LIE-berals will swoop in and grab ALL the cash!!!!!!!!!!!!!)
And the department wants to add dormant accounts in U.S. dollars and other foreign currencies — now excluded — to the mix.
(This relentless LIE-beral pursuit of EVERY SPARE PENNY gives us a true picture of our booming economy and BANKRUPT GOVT!!!!!!!!!!!!!!!!!!!!!!!)
Finance Canada also proposes expanding the regime to include unclaimed pension balances. There are more than 500 of these dormant accounts in federally regulated plans that have been terminated.
(And HOW does a corporate pension get terminated without its owners knowledge? Unless banker scammers are deliberately HIDING information????????)
Many active pension plans also have dormant accounts. Bell Canada, for example, says about 3,000 of its more than 100,000 pension plan members are owed benefits but can't be located.
(AND what exactly does that mean - cannot be located?? A Bell employee who worked for Bell between age 25 and age 45 and then went on to other work will not be bothered chasing his pension till he is 65!! Just because the pensioner has not been in contact in a while does not mean alien abduction was involved!! And surely if the pensioner DIED then there would be a death certificate issued?????)
(How many of these “abandoned” pensions are nothing more than govt GREED and deliberately careless research? How hard would it be to do a name search in Canada Pension Plan and income tax files to seek out people who have “abandoned” pensions??? Greed and disdain for customer service are behind much of the proliferation of “abandoned” accounts!!!!!!!!!!!!!!!!!!!!!)
Dormant pension accounts eventually could be transferred to the Bank of Canada, where they would be included in a searchable online registry that lost owners could check, just as with unclaimed bank accounts.
(Oh great! MORE critical personal information put online by govt so it can be used by HACKERS!! The onus should be on govt and banks to SEEK US!! In my case the bank made ZERO effort to contact me!!!!!!!!!!!!!!)
But Ottawa first wants to deduct income tax on those transferred pensions, and to pay no interest on the balance.
(And HOW does govt know how much income tax to charge -if they have NO IDEA how much other income the citizen has?? This is MORE GREED!!!!!!!!)
The transfer would "be made on a pre-paid tax basis. That is, income tax would be withheld and remitted to the CRA," says a Finance Canada document outlining its proposals.
Twenty-three stakeholders responded to the department's online consultation on the pension proposals by the deadline — Aug. 21, 2018 — including plan sponsors, a union, actuarial firms, banks and others.
I just don't understand why we are so far behind. - Accountant Brenda Potter Phelan on Canada's weak record in reuniting Canadians with their dormant assets.
(We are “behind” because govt GREED is more fun than customer service!!!!!!!!!!!)
A Finance Canada summary of the submissions, obtained by CBC News under the Access to Information Act, says 16 key stakeholders generally support the proposals.
Indeed, many want to expand the unclaimed-pension proposal — currently restricted to terminated plans — to include active plans in the federal sphere and even provincially regulated plans.
The document suggests, however, that Finance Canada is rejecting any broader move at present: "Consideration may be given to extend framework to ongoing plans later, pending experience and lessons learned from proposed approach."
(In other words- Finance Canada recognizes how big a can of worms they are already dealing with thanks to that CRAP public service record by bankers and are afraid to expand the GREED FURTHER!!!!!!!!!!)