Comments for WhereDoesAllMyMoneyGo.com http://wheredoesallmymoneygo.com A personal finance blog written by Preet Banerjee Mon, 15 Apr 2013 15:16:52 +0000 hourly 1 http://wordpress.org/?v=3.4.1 Comment on Selling a condo? The taxman might cometh by Albert Luk http://wheredoesallmymoneygo.com/selling-a-condo-the-taxman-cometh/#comment-15712 Albert Luk Mon, 15 Apr 2013 15:16:52 +0000 http://wheredoesallmymoneygo.com/?p=4997#comment-15712 Thanks for the comments. I will visit the forum and see if I can help. The rule concerning an adventure or concern in the nature of trade is not new. The concern from practitioners is how it is being applied. Thanks for the comments. I will visit the forum and see if I can help. The rule concerning an adventure or concern in the nature of trade is not new. The concern from practitioners is how it is being applied.

]]> Comment on Selling a condo? The taxman might cometh by PF4RedFlag http://wheredoesallmymoneygo.com/selling-a-condo-the-taxman-cometh/#comment-15693 PF4RedFlag Fri, 12 Apr 2013 14:43:16 +0000 http://wheredoesallmymoneygo.com/?p=4997#comment-15693 Hi ALbert Do you mind discussing the issue with some of us here on RedFlagDeals: http://forums.redflagdeals.com/cra-changing-rules-think-twice-before-investing-re-1325932/ Some of the users there believe that this is old old news (circa 1970) > I doubt it but would you mind pointing us to some official information and why this has became a current topic these days ? Hi ALbert

Do you mind discussing the issue with some of us here on RedFlagDeals:
http://forums.redflagdeals.com/cra-changing-rules-think-twice-before-investing-re-1325932/

Some of the users there believe that this is old old news (circa 1970) > I doubt it but would you mind pointing us to some official information and why this has became a current topic these days ?

]]> Comment on Selling a condo? The taxman might cometh by Preet http://wheredoesallmymoneygo.com/selling-a-condo-the-taxman-cometh/#comment-15677 Preet Thu, 11 Apr 2013 04:09:12 +0000 http://wheredoesallmymoneygo.com/?p=4997#comment-15677 I would certainly try to argue that if it happened to me :) I would certainly try to argue that if it happened to me :)

]]> Comment on Selling a condo? The taxman might cometh by Frank Wiginton http://wheredoesallmymoneygo.com/selling-a-condo-the-taxman-cometh/#comment-15670 Frank Wiginton Wed, 10 Apr 2013 13:41:22 +0000 http://wheredoesallmymoneygo.com/?p=4997#comment-15670 With so many predicting a collapse in the condo market - I wonder if this will come back to bite CRA in the butt with people claiming the losses as income deductions? If the precedent is set for the average Joe who is not making this a business that he has to claim it as income, then lawyers could argue for every person that any loss is classified as a deduction. Slippery slop for CRA if you ask me. With so many predicting a collapse in the condo market – I wonder if this will come back to bite CRA in the butt with people claiming the losses as income deductions?
If the precedent is set for the average Joe who is not making this a business that he has to claim it as income, then lawyers could argue for every person that any loss is classified as a deduction. Slippery slop for CRA if you ask me.

]]> Comment on If You Are An Executor Of An Estate, It Might Be Better Not To Take An Executor's Fee by Perry http://wheredoesallmymoneygo.com/if-you-are-an-executor-of-an-estate-it-might-be-better-not-to-take-an-executors-fee/#comment-15464 Perry Wed, 27 Mar 2013 15:57:04 +0000 http://symbiantcapital.com/2008/04/08/if-you-are-an-executor-of-an-estate-it-might-be-better-not-to-take-an-executors-fee/#comment-15464 Does Diane get a T4 from the estate? If not, is the estate in violation of CRA regulations? My brother and I are co-executors and beneficiaries sharing with 2 other siblings. We may be further ahead to avoid all the hassle and just take the equitable distibution and get the other two to pay us something after disbursements are complete.!?!? Your comment please and Thanks Does Diane get a T4 from the estate? If not, is the estate in violation of CRA regulations? My brother and I are co-executors and beneficiaries sharing with 2 other siblings. We may be further ahead to avoid all the hassle and just take the equitable distibution and get the other two to pay us something after disbursements are complete.!?!?
Your comment please and Thanks

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