Canadian Tax News
Attention Former Clients of Doreen Tennina of Executive Accounting Inc:
63 year old Vaughan, Ontario resident and owner of Executive Accounting Inc., Doreen Tennina, was sentenced to ten years in prison and fined almost $700,000 for two counts of tax fraud, which saw more than $58.2 million in false tax claims issued on behalf of taxpayers between 2002 and 2005. According to the sentencing judge, Justice Cory Gilmore, “She gained the trust of hundreds of clients in her role as a tax preparer and then effectively rigged their tax returns to include deductions they did not know about and donations they had not made…She then failed to report the cash income she made from the scheme, and on the eve of the trial absconded, leaving her clients subjected to reassessments by the CRA (Canada Revenue Agency) that have caused personal financial tragedy and bankruptcy for many.”
Toronto Star article, “7 triggers that may lead to a tax audit”
May 19, 2013: Business reporter, Madhavi Acharya-Tom Yew, of the Toronto Star, wrote a useful article informing readers of the common triggers that increase the likelihood of a CRA tax audit, which are: 1) Being self-employed 2) Any big changes 3) Recurring losses 4) Big expenses 5) Not blending in 6) Aggressive tax planning 7) Home office expenses
Dale Barrett of Barrett Tax Law was quoted, advising “If you participate in a variety of programs like tax shelters, donation schemes, any very aggressive tax planning, you will be audited, 100 per cent guaranteed. They will look into these plans eventually. It’s a matter of when, not if,” Barrett said. “Any aggressive tax planning scheme should be avoided.”
The article in its entirety can be accessed here.
Tax Survival for Canadians: Stand up to the CRA, a valuable tax resource written by Canadian tax lawyer Dale Barrett and published by Self Counsel Press, is now available for purchase!
If you are currently involved in a tax dispute with the Canada Revenue Agency or if you’re simply looking to be proactive and avoid tax problems with the often heavy-handed CRA, Tax Survival for Canadians: Stand up to the CRA, is a useful tax guide (and interesting read!) written in plain English for the everyday taxpayer. This tax book is currently available for purchase on Amazon.ca , Indigo.ca , Self-Counsel Press and other retailers.
Dale Barrett, tax lawyer and principal at Barrett Tax Law, advises readers of the Chinese newspapers, Ming Pao Daily News and Canadian Home Network
Dale Barrett offers useful tax advise in the following articles published in the Chinese media in Canada:
Tax Survival for Canadians: Stand up to the CRA, written by Dale Barrett, is now available for purchase at Amazon.ca
Tax Survival for Canadians: Stand up to the CRA, a book written by Dale Barrett, tax lawyer and principal at Barrett Tax Law, and published by Self-Counsel Press, is currently available for purchase at Amazon.ca and available for pre-order at Indigo.ca. Dale Barrett wrote this book to educate hardworking Canadian taxpayers about the inner-workings of the Canadian taxation system and serves as an invaluable resource for taxpayers who find themselves in trouble with the CRA or who fear they may become a target of the Canada Revenue Agency. Important tax issues such as CRA tax audits, the Voluntary Disclosure Program and the Canada Revenue Agency’s aggressive collections tactics are covered to give Canadian taxpayers a fighting chance against the often heavy-handed federal tax agency. The regular purchase price for the book is $22,95 but Amazon.ca is currently listing it at an introductory price of $16,75 and books can be pre-ordered at Indigo.ca for $17,44.
Attention members of the Peterborough and Kawarthas Association of Realtors:
On Wednesday, March 27, 2013, Dale Barrett, Canadian tax lawyer and principal at Barrett Tax Law, will be giving an informative tax seminar at the Peterborough and Kawarthas Association of Realtors‘ annual general meeting. The tax seminar consists of useful tax advice about preventing as well as effectively handling a CRA tax audit in addition to information about the Canada Revenue Agency’s Voluntary Disclosure Program. As of 1:00pm that afternoon, Dale Barrett will be available for one-on-one, free confidential consultations with members of the association at the offices of the Peterborough and Kawarthas Association of Realtors. Time slots are limited so members are urged to schedule their consults early to avoid missing this opportunity to get your legal tax questions answered by an experienced tax lawyer. Free consults can be scheduled by calling Barrett Tax Law directly at 416-907-8429 or toll-free 1-877-8-TAX-TAX.
Tax Law Enforcement News:
February 12, 2013: Dale Barrett, tax lawyer and principal at Barrett Tax Law, was interviewed by the Windsor Star regarding the Fiscal Arbitrators program, a tax program that is the cause of hundreds, possibly thousands, of Canadian taxpayers being slapped with large penalties by the Canada Revenue Agency. According to the article, “Those participants have been reassessed by the CRA and now face penalties equal to half of the tax the government agency determined they avoided.” The article in its entirety can be read here.
February 16, 2013: David Baines, reporter at the Vancouver Sun, continues his investigation of Jeff Eshun, owner of JV Raleigh Superior Holdings Inc. who has been fined $6.95 million by the B.C. Securities Commission and consequently banned from selling investment notes in British Columbia. Dale Barrett, Canadian tax lawyer and principal at Barrett Tax Law, was interviewed for the article to help explain the Fiscal Arbitrators tax savings scheme promoted by Jeff Eshun and other associates, which has now been disallowed by the Canada Revenue Agency. Dale Barrett describes the situation as a “nightmare” for the approximately 200 hardworking Canadians he is currently defending against the CRA as a result of being reassessed and hit with additional penalties and interest fees. The article in its entirety can be viewed here.
Baines followed up with a new article on February 20, 2013, where Dale Barrett estimates that at least 1000 taxpayers have been caught up in this supposed tax savings program and reassessed by the Canada Revenue Agency as a result. This article in its entirety can be accessed here.
Attention Kincardine community & surrounding areas:
Dale Barrett, expert tax lawyer and principal at Barrett Tax Law, will be giving a free seminar this Saturday, October 13th for Canadians concerned about illegal tax schemes. The seminar, How to Protect Yourself from Fraudulent Tax Schemes, consists of a presentation on the basics of tax fraud schemes in Canada and the various remedies available to Canadians who are victimized by unscrupulous promoters, followed by a question-and-answer session with Dale Barrett. Lunch will be served.
The seminar takes place at 11am at the Kincardine Best Western located at 791 Durham Street, Kincardine, Ontario. Call Barrett Tax Law at toll-free 1-866-278-8424 ext. 205 for more information or to confirm your attendance.
Tax Law Enforcement News:
According to an article in the Ottawa Sun posted on July 20, 2012, Dr. Christine Tanyan, a dentist operating out of Carlingwood Dental Centre in Ottawa, Ontario, was found guilty of tax evasion and sentenced to a two-year conditional sentence which includes house arrest for 12 months, 120 hours of community service as well as a $360,000 fine by the Canada Revenue Agency. According to the Ottawa Sun, Dr. Tanyan was found guilty of evading $483,074 in federal income taxes over a period of six years by “doubling her claimed reimbursed expenses, claiming personal expenses as business expenses and claiming unsupported expenses.”
According to an article published on July 12, 2012 on the CBC online news portal, the city of Ottawa, Ontario may force the sale of an established prívate school, Canadian Montessori Academy, located in Nepean, Ontario as soon as July 25, 2012 as a result of back taxes being allegedly due to the city in the amount of approximately $480,000. In addition, the Canada Revenue Agency has placed several liens on the property due to hundreds of thousands of dollars being allegedly owed in back taxes to both the provincial and federal governments.
Proposed Changes to Canadian Tax Laws:
On March 14, 2012, Private member’s Bill C-377, sponsored by Member of Parliament for South Surrey, White Rock and Cloverdale, Russ Hiebert, passed its second reading with 154 members voting in favour of the bill and 127 members against it and is now before the Finance Committee for review. Bill C-377 seeks to change the Income Tax Act by obligating trade unions and labour trusts to publicly file their income tax returns for any expenditure over $5,000 so that this information would become available for review by the public. Failure to comply with the proposed amendment to the law would result in a summary conviction with a fine of $1000 daily until such a time that the law is followed.