Paradise Papers

[farmaholic]

Incorporated small businesses that probably don't go over the $500K net income versus Large business or family trusts with money offshore or businesses registered off shore.....I fail to see the similarities.

[Horse]

Incorporated small businesses that probably don't go over the $500K net income versus Large business or family trusts with money offshore or businesses registered off shore.....I fail to see the similarities.

So lets say I steal a single axle truck load of your grain, or I steal a super b,is there a difference ??

[westernvicki]

Won't do much damage as CBC and CTV will not bother to expose. A footnote maybe.

[farmaholic]

So lets say I steal a single axle truck load of your grain, or I steal a super b,is there a difference ??

....only if you take the money out of the country to avoid paying taxes at home.

By the way...Incorporation is only a tax deferral and unless you are a complete fraud.....the Gov gets their share later than sooner because the money is supposed to be all accounted for.

[Hamloc]

So if you only steal a little you are better than those who stole a lot ??

Horse I need some serious clarification. Are you saying that because my farm is incorporated I am stealing? And you wonder why I can't stand socialists! I personally think when you a personal tax rate over 50% that is stealing(combined fed and provincial rates in many provinces over 50%)!!

[burnt]

Tax evasion? I'm shocked!!!

http://www.hiddenmysteries.org/conspiracy/reststory/bronfmanevade.html

I'm not even going to comment on these old family traditions.

And what has changed since that story was written? It's only continued or gotten worse.

A couple of weeks ago, Andrew Coyne had an article in the NP - "Morneau can't solve the tax problem because he IS the problem".

Bingo.

Oh, BTW, this story should reassure us that all will be accounted for because the CRA tells us that the real tax cheats will be exposed -

[URL="http://nationalpost.com/news/canada/cra-vows-action-on-canadian-tax-evaders-exposed-in-paradise-papers"]http://nationalpost.com/news/canada/cra-vows-action-on-canadian-tax-evaders-exposed-in-paradise-papers[/URL]

[AlbertaFarmer5]

In the climate change thread, we discussed the double standard that the governing elite impose on the rest of society regarding the qualifications required to be a climate change expert. This is more of the same double standard from the same entitled elite, claim farmers and small businesses are all tax cheats, meanwhile they are doing this?

[Casered]

Never ever voted Liberal. Just pointing out that it is both The Liberals and The Conservatives who have failed to adress the issue of offshore tax havens. Both have friends and supporters who use tax havens. Good to see that the CBC is digging deep on This issue. The CBC also covered the Cobservative party's connection to KPMG and offshore tax havens.

The conservatives didn’t call me a tax cheat for incorporating. The conservatives didn’t try to raise taxes on farmers while droning on about tax fairness. Pretty hard to talk about tax fairness with a straight face when the richest companies in Canada are not paying their fair share by using off shore tax havens.

[LEP]

So if you only steal a little you are better than those who stole a lot ??

Horse, you are clearly slinging bs about something you don't know anything about. Like Farmaholic says a corporation is a tax deferral mechanism and once you withdraw income from it you pay the same combined tax rate as you would personally.

Offshore trusts are there for the express purpose to not pay any Canadian tax. It is legal if tax paid money is moved into them, which clearly isn't happening.

I gather you are an old socialist. Not any better informed than these millennial socialists.

[Casered]

Its all right isn't no one is cheating just using the laws as they are wrote..!!!! Isn't that what all you that use loopholes in incorporating are doing and championing your rights ????

Your comment is not only dumb but totally wrong. When liberal fundraisers are running off shore tax schemes that has nothing in common with me incorporating. If trudeau ends offshore tax havens so ends his political donations. In some ways this was timed just right. Bill Morneau was in trouble before for being a whinny, entitled pice of shit. Now what was left of his image is totally tarnished. The liberals will have a rough road ahead convincing people they are out for the middle class. It’s amazing to me people are dumb enough to believe the regurgitated vomit trudeau spews from his mouth everyday.

[Oliver88]

In the climate change thread, we discussed the double standard that the governing elite impose on the rest of society regarding the qualifications required to be a climate change expert. This is more of the same double standard from the same entitled elite, claim farmers and small businesses are all tax cheats, meanwhile they are doing this?

We were not supposed to find out about the tax havens and villas I guess. 😂

Similar to we were not supposed to find out about out climate alarmist minister purchasing 5 luxury cars for "emission testing" and keeping the cars for a year and a half!! The car manufacturers would of supplied all 3rd party testing information for free!

[bucket]

Just funning this morning.....anyone find SF3 named in the papers?

It's good to poke the bear once in awhile. ....

[Oliver88]

This Liberal and Quebec corruption has been going on for several generations.

[sofa.king]

Horse do you have an rrsp or a tax free savings account if so you are a tax cheat or have you ever bought inputs or supplies for year end? If so you are a tax cheat whether you saved 1 dollar or a billion dollars.

[Horse]

I am not calling anyone a cheat all I'm saying is those that can afford to ude all the tax advantages use them. Why would anyone bother to incorporate and pay accounting fees and audit plus the cost to set up and again if you resolve if there is no advantage to incorporating.
I think you are all jealous of those with more money and able to use the system. Less than 1% use tax havens, somewhere around 12% use inch , that leaves 77% Joe six pack that can't use any of the perks of the wealthy. I could list some of the perks incs use but you all know where you stretch the lines. How many personal corps, or professional corps,I don't think they relay fit the bill for small business