The Appeal Court of Canada just upheld the Tax Court of Canada's ruling that profit received from giving a gift to a tax shelter/charity will change the gift to a non-gift and there goes your tax credit. Oct. 28, 2010 ruling was for a donation made in 2001. So much for CRA not being able to come...

Hi Icecubes, I am quite confused on why you think you have to pay back the reassessment amount. The CRA may ask for it back, doesn`t mean they have any legal right of any kind to collect it. People get reassessed all the time regarding tax filings. Most people don`t understand how the CRA...

Appeals Court of Canada decision released on Oct. 28, 2010. This upheld an earlier decision by the Tax Court of Canada, totally denying any tax break for Mr. Max Marechaux -- who put up $30,000 of cash into a donation scheme and claimed a $100,000 donation receipt...

Appeals Court of Canada decision released on Oct. 28, 2010. This upheld an earlier decision by the Tax Court of Canada, totally denying any tax break for Mr. Max Marechaux -- who put up $30,000 of cash into a donation scheme and claimed a $100,000 donation receipt...

I attended a Darren Weeks seminar a month or so ago....Fast Track to Cash...or something like that. His delivery style is upbeat and he clearly knows how to capture the audience. It seemed on the face of it that his messages were sincere and he perhaps had some offerings that may be useful. I...

Appeals Court of Canada decision released on Oct. 28. This upheld an earlier decision by the Tax Court of Canada, totally denying any tax break for Mr. Max Marechaux -- who put up $30,000 of cash into a donation scheme and claimed a $100,000 donation receipt. Hi there, First of all...

I suspect you`ll have less credibility here after joining, and immediately posting a defense of a company involved in a giving tax scheme. The CRA is pretty specific that you can only get a receipt for the amount you`re giving in $, and can`t write it up to the "retail" or other "value" of the...