Posted on 05/03/2023 6:04:04 PM PDT by george76
Son of Castro continues to make Canada more like Cuba, daily.
Just pay $9999.99 on one check and the rest on another. Surprised some of the smarter Canadians haven’t figured that out yet. 🤣
Sure does.
Does that means they will reject the check? Fat chance. They want your money.
They should have to pay electrically for electing the puke Trudeau.
Ah, the People’s Republic of Canada. It’ll be a race whether we Yanks can beat Canada to the toxic and fatal state of Communism. At least we still have our leftist removal tools - but how long the 2nd Amendment will last is questionable.
So basically the people of Canada exist for the benefit of the government of Canada. Pretty simple.
Sounds like "structuring," which is illegal.
Regards,
[raising concerns about the government one day adopting problematic central bank digital currencies.]
[Son of Castro continues to make Canada more like Cuba, daily.]
Herr TruCastro’s True Colors showing once again
It’s called an installment plan and it’s totally legal.
This is a story about nothing, basically. I would imagine the number of people who pay taxes of that magnitude in some way other than payroll deduction is quite small.
Also what Americans may not realize is that in Canada we have a bank-run system called interac which allows us to use our bank cards like credit cards. You have some limited versions of this but I’ve found that when in America I can only use a credit card, not a current account accessing bank card, to pay. Up here most of us use both systems about equally. And parallel to the bank card system at point of sale, there is a system called interac transfer which is basically pay pal applied to banks. You simply send a selected recipient the desired amount and all the banks here (which are fewer in number, all banks here are what you might call large banks) are on this system, so the money flows electronically, people just don’t send each other cheques very often nowadays (it does still happen).
This interac system is very secure and we have never had one problem using it in over three decades. I often wonder why there seems to be no equivalent in most other countries.
A cynic might say well the government is monitoring your cash flow. As far as is known, the system is private to the banking system. I would not be surprised if the governments could peek in but they would need a bench warrant and it probably only happens in about a millionth of all transactions, otherwise they would need many thousands of agents tracking literally billions of transactions. And in any case, if the government wants to find out if I pay my rent or send friends money they could just as easily snoop on my bank account at source and see ATM or cheque activity so this interac system is not really any less secure.
By the way, government agents following my every move, hello. Nice weather we’re having. Is the black SUV in for repairs, I see you’re driving a white one this week.
FWIW, the US government doesn’t want people owing over $10K in income taxes at year-end; they would press you to change withholdings. They don’t want to either expect a large check from you after the fact, OR pay out a large check to you.
If we succeed in restoring our republic, and Canadians don’t, we’re gonna need a northern border wall...
Deep State wants their minions to continue to float them interest free loans.
Are they looking for a “loan” if they are simply trying to lower the outstanding amount the taxpayer owes the Deep State at year-end? If they are demanding overpayment, I’d agree - but it appears the Canadian government is trying to match the US government in minimizing the outstanding taxes genuinely owed.
Genuinely owed...
Kearny, as far as I’m concerned, taxation is legalized theft.
The power to tax is indeed the power to destroy.
And Deep State wields its bludgeon well.
In the US you may have to pay a penalty for being under withheld if you owe a large amount.
https://www.investopedia.com/terms/u/underpaymentpenalty.asp
And the IRS can issue a lock in letter to your employer to have the maximum amount withheld until the lock in letter is released. This typically happens when an employee claims Exempt or claims a lot of subtractions from withholding and ends up owing a substantial amount that they are not able to pay by the tax filing date.
https://www.irs.gov/individuals/understanding-your-letter-2801c
I process Canadian payroll for one of our subsidiaries and don’t see nearly the number of withholding questions or questions on T4’s (the Canadian equivalent of a US W2) as overall taxation in Canada is much simpler.
+1
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