CRA tax disputes

[Canuck57]

Just won my 3rd dispute with CRA in 10 years. Score is 3:0.

But I couldn't get them to admit they screwed up big time.

Dumb CRA thinks you are illegal if you have offshore income you
declare....so funny. I asked the adjuster if you will not give me
credits for foreign income taxes paid, can I then not declare the
foreign income?

They even messed up on Canadian homed accounts and excluded the T5 tax
credits for foreign taxes paid.

But I am sure I figure some CRA newbie idiot thought offshore is illegal
or something. Its not illegal if you have filed the income and credits
properly like I did.

Best part of offshore? Is that money didn't get devalued (1.00 / 0.90)
11% like other suckers investing in Canada for return rates below real
inflation+taxes.

My only regrets is not sending more into the USD and offshore.

[root]

I take it you guys did not go to court, right?

Post by Canuck57
Just won my 3rd dispute with CRA in 10 years. Score is 3:0.
But I couldn't get them to admit they screwed up big time.
Dumb CRA thinks you are illegal if you have offshore income you
declare....so funny. I asked the adjuster if you will not give me
credits for foreign income taxes paid, can I then not declare the
foreign income?
They even messed up on Canadian homed accounts and excluded the T5 tax
credits for foreign taxes paid.
But I am sure I figure some CRA newbie idiot thought offshore is illegal
or something. Its not illegal if you have filed the income and credits
properly like I did.
Best part of offshore? Is that money didn't get devalued (1.00 / 0.90)
11% like other suckers investing in Canada for return rates below real
inflation+taxes.
My only regrets is not sending more into the USD and offshore.

[Canuck57]

No court, but I would if I had too.

Thing is I file legitimately, and their dumb idiots made a mistake and
disallowed all my foreign tax credits, including the ones with T5s on
Canadian banks.

I drove the message home with this comment. "If you disallow legitimate
foreign tax credits, does that mean I don't have to declare foreign
income on my T1?". She then got real looking at the sources of foreign
income declared and agreed, I didn't get that money free of taxes.

So I sent them copies of the taxes paid as they lost them, then got it
all settled. Even got a verbal apology trying to duck that they screwed
up (again).

She fell short of saying if you do offshore, you get targeted.

Stems from me moving money out of Canda for 4 years now to get better
returns. For each $100,000 I moved, its now worth (1.00 / 0.89) 12.36%
more in terms of CAD before gains and dividends with add huge to the
total gains.

See, like Carney and CPP, I knew when to get some money out of Canada to
avoid the cumulative depreciation inflations taxes for excessive
Ottawa/provincial ponzi fraud debt.

As Canda is a tax inflated depreciating economy of debt. We think a
2.9% GDP increase with 12.36% less value money is good news....how wrong
we are. But hey, CBC and other government puppet media likes turd
polishing.

I am seriously contemplating dissolving almost all my Canadian
investments as in terms of world currencies like USD, Yuan and others,
Canada is losing value fast. Like Bombardier, Kellogg, Caterpillar,
Heinz and others, they can't pass on the costs 12.36% more to customers
for materials, engines, parts, tomatoes...so they lay people off.

People with less value money (currency depreciation/inflation), with
more taxes, with hidden tax inflation on prices are going to spend less
on each others jobs.

But so much BS on CBC (Canadian Brainwashing Canadians), CTV, Global and
even Macleans seems to tow the Ottawa PR BS line. Most don't know the
economic screwing they are getting.

Inflation taxes for the last year are 12.36% on all CAD fiat money,
pensions, CPP, wages, incomes, a cumulative inflation tax and no one is
discussing the reality and negative impacts coming.

Post by root
I take it you guys did not go to court, right?

Post by Canuck57
Just won my 3rd dispute with CRA in 10 years. Score is 3:0.
But I couldn't get them to admit they screwed up big time.
Dumb CRA thinks you are illegal if you have offshore income you
declare....so funny. I asked the adjuster if you will not give me
credits for foreign income taxes paid, can I then not declare the
foreign income?
They even messed up on Canadian homed accounts and excluded the T5 tax
credits for foreign taxes paid.
But I am sure I figure some CRA newbie idiot thought offshore is illegal
or something. Its not illegal if you have filed the income and credits
properly like I did.
Best part of offshore? Is that money didn't get devalued (1.00 / 0.90)
11% like other suckers investing in Canada for return rates below real
inflation+taxes.
My only regrets is not sending more into the USD and offshore.