Canadian Tax Myths You Shouldn’t Fall For

We don’t know exactly where people get their Canadian taxing information, but many times, the information that they get isn’t very reliable. A lot of times, the information that people get isn’t from the Canada Revenue Agency and isn’t what they need to know at all – it’s mythical. There are a number of things that people tend to believe are the truth, but they’re very much just the opposite. We’ll show you some of these myths, so you’ll know to avoid them.

You can refuse to pay income tax to the federal government as confirmed in 1950 by the Supreme Court of Canada, because Federal income tax is unconstitutional.

The government knows tax laws are unconstitutional and unenforceable, so the income tax system is based on voluntary compliance.

There are people who claim that they have not filed a tax return in years, with the government unable of enforcing them due to the fact that they’re unconstitutional and unenforceable nature.

You can refuse to cooperate with the CRA and thus cause them to lower or eliminate your taxes.

There is no application of the Income Tax Act, to individuals, only to corporate entities.

It is even believed that “Some individuals claim to be exempt from GST/HST. Some carry a card to “prove” their claim.”

Withdrawals from your self-directed RRSP are tax-free.

E-audits are conducted by the CRA via email.

If you’re a winner of sweepstakes and lotteries in Canada, you are obligated to pay fees and taxes to the CRA before you claim your prize.

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