Book keeping questions, and write offs

[dfarms11]

Great thread!

Finally a thread that has good info and bo people bashing! Awesome!

My take on this is first off make sure all your income is claimed! That's the most important! Secondly if you claim a few deductions they dont allow you will only owe tax on them only. No huge penalties. Now if you're gonna try to swindle the cra out of thousands of dollars. Then I'd say look out.

[fjlip]

Ya, work clothes seem to live forever. Had a GST audit once, wanted to see receipts for the 3 months, I presented to him on kitchen table, and reply was only wanted any OVER $100 , rest too small to bother.
Yes Income, but they already KNOW all of that, just don't miss any, and if you pay TAX, they are not worried. There is software checking for out of whack deductions. Dad was asked for Charitable donations TWICE, he is in his 90's.