I was informed of a new little system to beat the tax man legally the other day. Apparently if you purchase this software designed for the rehabilitation of inmates in federal prison, you get a tax receipt. Now the company who produces the software sells it to the Canadian government (Conservative Party) for cost, which is $1000. Normally, the software is sold (retail) for $5000. So through the Conservative government, you purchase this software for inmates for $1000 and receive a $5000 tax receipt from the government! How illegal does this sound hey? But it is a new tax loophole for the rich (or smart) to get $4000 of tax exempt money for free. Now I think only one of these can be purchased per year, but I am not sure. My boss did this just before rrsp's were due and I laughed because I thought he was gettin ripped off hard, but last week he got a letter from the Stephen Harper government thanking him for his contribution and had the tax receipt enclosed.
Has anyone else heard of this? I am not exactly sure how it is done, my boss played hockey with a guy who was running this for the Conservative government, but I assume there aer other ways to get at it. Unfortunately I think it is only available to Canadian citizens, but check it out if you do any business in Canada too.
Has anyone else heard of this? I am not exactly sure how it is done, my boss played hockey with a guy who was running this for the Conservative government, but I assume there aer other ways to get at it. Unfortunately I think it is only available to Canadian citizens, but check it out if you do any business in Canada too.
