|
| |
if there is not a treaty with Canada to report income. how will the gov know I'm working there?
------------------------------------------------------------
david ingram replies:
I love this question:
It is simple, you will be targeted as you return to Canada through
customs which is part of the same Ministry - The older name for the CRA
was CCRA which stood for Canada Customs and Revenue Agency OR if
American, the IRS and or Homeland Security.
I do not have any official figures but at different times have been
told that I was told that about 15% of Canadian customs agents are ex
income Tax personnel and 21% of US Customs agents are ex IRS Income tax
Agents.
However, that pales beside the real source of their information. It
is pretty hard for any of us to go through life without offending
someone. I have more than one ex wife for instance.
You may have an ex-spouse or two or just an ex friend, fellow employee,
or someone that you offend in Saudi Arabia. The person could be your
best friend today.
All they have to do is write to the CRA or IRS and you are toast.
In the case of an American and the IRS, if the informant fills in US
form 211, they are entitled to a reward of 1 to 30% USUALLY 10%) of
whatever the IRS collects. The more information you give, the larger
the reward. Just sending the IRS a name and suggesting a look might
get you 1%. Sending a name with where so and so works will get you 10%
and sending details about their house, car, secret bank account and
investments in an offshore account will get you 30%.
No reward system in Canada yet and that surprises me.
I will ask Garth Turner that question tomorrow. Garth Tuner,
the former Canadian Minister of National Revenue will be
interviewed by Fred Snyder and I on Fred's program IT'S
YOUR MONEY
on Radio Station CKBD (which is 600 on the AM dial) from 9:00 AM to
10:30 AM Sunday June 1st.
That's either tomorrow, today or yesterday depending upon whether you
read this on Sat, May 31, Sunday June 1st, or Monday June 2nd.
Those in the lower mainland can listen on their radio. Anyone anywhere
else (including Saudi Arabia) can listen live at www.600am.com and if
you missed it, you can listen to the archived show for four additional
weeks.
Why should you listen? Garth Turner is the present Liberal Member of
Parliament for Halton in Ontario. Halton includes Kitchener and Guelph
as an example. He has written five books on finance. His latest is a
blockbuster analysis of the current world real estate investment
situation. If you are a tenant, want to be a homeowner, are a
homeowner, or thinking of buying investment property, you should read
this book.
What book you ask? The name of this one is 'THE GREATER FOOL' and
you can access an interactive website on the book at
www.greaterfool.ca. Read what readers are saying about it in the
hundreds. In fact, while you are reading it you will be making plans
to sell the house and buy a yurt.
http://www.yurts.com (take a look) one of my clients wiped out in the
Chehalis Flood in December 2007 is buying two of these rather than
rebuilding.
However, I AM NOT SELLING MY HOUSE BECAUSE OF THE BOOK. I have a good
use for every square foot and am close enough to everything that I will
stay. And if you get too scared at some point in your reading, do
yourself a favour. Go to the last two pages and read the AFTERWORD.
You will find that Garth has followed his own precepts. He has
downsized and has a livable house with a garden close to
transportation, etc.
What could be better.
And, those in the Lower Mainland of BC or Northwest Washington State or
Vancouver Island can see Garth and I on stage in September. We will
both be speaking at the MONEY EXPO at Victoria on Saturday Sept 20th
and at the Convention Centre in Nanaimo on September 21st. Fred
Snyder will also have a session in a private breakout room
where he can show you his theories in a more private setting.
Heck, it is likely worth a Westjet ticket from Calgary or Regina or
Winnipeg to attend.
--------------------------------------------------------
david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
4466 Prospect Road
North Vancouver, BC, CANADA, V7N 3L7
Cell (604) 657-8451 -
(604) 980-0321 Fax (604)
980-0325
Calls welcomed from 10 AM to 9 PM 7 days a week
Vancouver (LA) time - (please do not fax or
phone outside of those hours as this is a home office) expert US Canada Canadian American
Mexican Income Tax service help.
pert US Canada
Canadian American
Mexican Income Tax service and help.
David Ingram
gives expert income tax service & immigration help to non-resident
Americans & Canadians from New York to California to Mexico
family, estate, income trust trusts Cross border, dual citizen - out of
country investments are all handled with competence & authority.
Phone consultations
are $450 for 15 minutes to 50 minutes (professional hour). Please note
that GST is added if product remains in Canada or is to be returned to
Canada or a phone consultation is in Canada. ($472.50 with GST for in
person or if you are on the telephone in
Canada)
| |
|
