If you hear about a donation scheme that seems to good to be true….. it possibly is.  Over the past several years there have been donation schemes where you can give a donation of, say $1,000 and get a donation receipt for an amount somewhat greater than that.

The Canada Revenue Agency has been aggressively seeking out and revoking the charitable status of charities that participate in fraudulent donation schemes.  They also do not hesitate to reassess taxpayers’ personal tax returns if they are found to have participated in the scheme.

Here’s a recent example of a charity caught in a scheme:  http://www.cra-arc.gc.ca/nwsrm/rlss/2011/m11/nr111115-eng.html?rss

Filed under: Personal Tax by David Boese No Comments »

Tax humour

November 15th, 2011

Q. What’s the difference between an introverted and an extroverted accountant?

A. An introverted accountant stares at his shoes while he is talking to you.  An extroverted accountant stares at your shoes while he is talking to you.

Q. Why do accountants get excited on the weekends?

A. Because they are allowed to wear casual clothes to work.

Filed under: Other tips by David Boese No Comments »

This isn’t directly related to taxes and accounting, but it’s a program that deserves publicity.  Google Grants provides non-profit groups with free advertising.  There are a large number of non-profit groups in Nova Scotia, and in the North Shore area.   Google advertising is a good way of driving web traffic to your website, and increasing awareness of your organization’s activities.

Read more about it on Scotia Systems blog.  Nick may be able to assist your non-profit with implementing Google Grants.

Filed under: Other tips by David Boese No Comments »

As auditors become more aggressive with adjusting tax returns, the Tax Court of Canada begins to experience an overload of appeals. Today, the government issued a request for comments on how to handle the backlog. Do you have a comment?

Go to: www.fin.gc.ca/n11/11-116-eng.asp

Filed under: Other tips by David Boese No Comments »