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 4/10 Good --- network.nationalpost.com http://feeds.feedburner.com/DianeFrancis
| Financial Post editor at large Diane Francis blogs daily on business, financial matters and news in Canada and the United States ... |
Monday, May 05, 2008 --- 79 days ago http://network.nationalpost.com/np/blogs/francis/archive/2008/05/05/u-s-canada-t
 Parliamentary stupidity shown in Monty Python's Ministry of Silly Walks skit. John Cleese plays bowler-hatted moron. Read this and weep If you sent off your taxes last week as most of us did, read this but only if you are sitting down. I have not written about this for several years but research and sources report that a combination of tax evasion and immigration fraud are as big as ever because Ottawa continues to be so badly managed by civil servants and politicians. Here’s a binational example – involving double-dipping in the U.S. and Canada -- which illustrates loopholes that anyone can drive an RV through. This involves a young, educated landed immigrant from India who pretends to live in Canada as a resident but works in Manhattan where he makes $300,000 a year. That is illegal because: 1) He cannot be a resident of both countries at the same time and 2) he must declare his U.S. income if he is a resident of Canada which he is not doing. He does this because by not informing Canada he is working in the U.S. he keeps his Canadian residency clock ticking to qualify for citizenship and, more importantly, to be able to use Canada’s health care system, in this case Ontario’s. He also must declare his U.S. income as a resident of Canada and pay the difference in Canada, which is higher. Taxes are higher here in large measure because of the cost of health care to people like him and his older parents. Er ... |
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