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You're right. They could and, under certain circumstances would estimate your original cost, and calculate your gain from there. But, unless they can prove easily and exactly what the current selling price was, and the price was very, very large there simply isn't enough tax revenue in it for them to bother with 99.999% of the personal stuff that gets sold. Hell they're still trying to get their cut of tax on all the sales of land, camps and cottages that change hands every year let alone worry about a couple guns or the odd painting.
As to tax court, sadly if they decide to fight you in court, you lose. Maybe you win your case but lose in legal costs. The CRA has far deeper pockets than any ordinary citizen so you would be far better off to pay any assessed tax and move on if it came to that. But, as you point out, they don't really want to go to court over small stuff. No money in it.
Yes agree to most except for court .The lawyer I know wins more then he looses and he’d handle it for me so my cost would be what $500 to file.
 

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Not to mention you are flagged for life with them so expect future issues
One best face it there is never a true win with the government and those that think there is is nothing more than a fool
They always will win one way or the other
Cheers
Not true - I’ve been through it with them a few times ; three personally and twice in problems over estates I was the executor for. Talking 21 yrs ago for the last problem and no troubles since. I was taught to go to the top and don’t be afraid to go over anybody’s head. Have two sisters both worked for MP’s ( Ottawa offices ) one still does and the info they can provide can be invaluable plus my bud that retired from CRA knows who to call and how to handle things, wish I had of known him the first time; that was a two and a half year battle. He will outright tell people that the CRA is crooked!!!
 

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Who keeps records of a car they drove and fixed in high school. Never would one think it would grow to be worth what it is today
Have never met an account that didnot understand tax laws or scared of CRA and I worked with and knew some of the best
My old PEI goose hunting buds were both CMA's one head of a hospital accounting group and one top bean counter of the NL ferry . They sure knew taxes
Yes I know no one keeps receipts like that.
There are good accountants, really good accountants and some not so good accountants just like any profession.
Had an aunt who lived in the US she moved home when her husband died, she needed an accountant. My brother tried to find one but most would not touch US related tax stuff. So I told him to call my bud I went to school with who had a large accounting firm.
 

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Not true - I’ve been through it with them a few times ; three personally and twice in problems over estates I was the executor for. Talking 21 yrs ago for the last problem and no troubles since. I was taught to go to the top and don’t be afraid to go over anybody’s head. Have two sisters both worked for MP’s ( Ottawa offices ) one still does and the info they can provide can be invaluable plus my bud that retired from CRA knows who to call and how to handle things, wish I had of known him the first time; that was a two and a half year battle. He will outright tell people that the CRA is crooked!!!
Crooked might be a bit harsh, but, I can say some of them are bullies and some just love to enforce the tax code. Which is written to raise money, not to be fair.
You're lucky to have contacts like you do! That makes ALL the difference when dealing with bureaucracy.
 

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Discussion Starter · #45 ·
Not true - I’ve been through it with them a few times ; three personally and twice in problems over estates I was the executor for. Talking 21 yrs ago for the last problem and no troubles since. I was taught to go to the top and don’t be afraid to go over anybody’s head. Have two sisters both worked for MP’s ( Ottawa offices ) one still does and the info they can provide can be invaluable plus my bud that retired from CRA knows who to call and how to handle things, wish I had of known him the first time; that was a two and a half year battle. He will outright tell people that the CRA is crooked!!!
But you are not labeled.:p Once for me
 

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Discussion Starter · #46 · (Edited)
Crooked might be a bit harsh, but, I can say some of them are bullies and some just love to enforce the tax code. Which is written to raise money, not to be fair.
You're lucky to have contacts like you do! That makes ALL the difference when dealing with bureaucracy.
Having worked for the feds and involved in spending a lot of their capital monies on mine projects I had my share of meetings with their auditors when they would send them down for like weeks answering their questions going over sealed tenders and why the decision was made for the selection of successful vendors. If not low bid to spec these meetings were brutal since they had ZERO appreciation for engineering selections and everyone who had a name on the requisition was drilled especially the originator
I remember one auditor telling me certain federal groups were actually paid bonus or incentives based on how much money they could recover from tax evasion and other things
So yes with some groups there sure is some what would appear to be bullies and I understand why
Cheers
 

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Having worked for the feds and involved in spending a lot of their capital monies on mine projects I had my share of meetings with their auditors when they would send them down for like weeks they would be here
I remember one guy telling me certain groups were actually paid bonus based on how much money they could recover from tax evasion and other things
So yes with some groups there sure is some what would appear to be bullies
Cheers
I dealt first hand with every level of government auditor for over 40 years. Most are fine as long as you don't urinate on their shoes. They have a job to do like the rest of us. I always found that making their job easier allowed me to point them where I wanted them to look. 😊
But, I've also met a couple of sneaky, slimey Aholes too. Those I took great glee in f___ing over.
 

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Discussion Starter · #48 ·
I dealt first hand with every level of government auditor for over 40 years. Most are fine as long as you don't urinate on their shoes. They have a job to do like the rest of us. I always found that making their job easier allowed me to point them where I wanted them to look. 😊
But, I've also met a couple of sneaky, slimey Aholes too. Those I took great glee in f___ing over.
I hear you. I only had dealings with the federal ones thank god and most of them were excellent but not all. Now in those years I kept unreal records and copies of everything :)
 

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Crooked might be a bit harsh, but, I can say some of them are bullies and some just love to enforce the tax code. Which is written to raise money, not to be fair.
You're lucky to have contacts like you do! That makes ALL the difference when dealing with bureaucracy.
Yes I know and am grateful for it.
Amazing what a call from an MP’s office can do in any federal service.
 

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The Trudeau government’s announcement of a price list for their much hyped gun buyback program is nothing but pure political theatre.

Not only there isn’t a program to collect and destroy the guns they now claim are too dangerous for licensed, law-abiding Canadians to own, they are still looking for ideas on how to build it, more than two years into the matter.

The federal government currently has a tender notice on their website for a “request for information (RFI),” not even a “request for proposals,” on how to design the program. The RFI was posted July 14 and amended on July 29 with a closing date of Aug. 17 for those interested in helping with the “BBP or buyback program.”

“The intent of this RFI is to determine the capacities and capabilities that currently exist within the marketplace to deliver on the notional requirements of the envisioned commodity for the BBP,” the tender notice reads.

The government is looking to find out what expertise or capacity there is in the marketplace for collection and transportation, tracking, storage solutions, package inspection, destruction and post-destruction recycling. This is more than two years after they announced this program, and they don’t have even the basic structure, despite having already spent more than $8.8 million on it.

“No buyback program exists,” said Tracey Wilson, of the Canadian Centre for Firearms Rights, in an interview recently. “So, to put out this price list is not only premature, it’s intentional.”

Wilson said he believes the Liberals are publishing their price list to turn the headlines from problems with inflation, airport delays, passport problems and more onto an issue that gets them positive headlines in much of the media.

That the program doesn’t exist, that millions have been spent since May 1, 2020, and nothing has happened doesn’t seem to matter to most; they believe the Liberals are acting.

Part of the problem for the government is that the RCMP has said they can’t be in charge of this program in terms of collecting firearms. While the Mounties have a large presence in Western and Atlantic Canada, there are large areas of Ontario and Quebec with virtually no RCMP presence.

Canada Post has also reportedly told the government that it can’t be the main collection point for hundreds of thousands of firearms, either. While the post office has locations in almost every community in the country, many of those locations are in retail establishments like pharmacies, and the system isn’t set up to safely handle the tracking of hundreds of thousands of guns.

Can you imagine people showing up to their local Shopper’s with a dozen rifles to send to the government via Canada Post?

Tony Bernardo, of the Canadian Shooting Sport Association, said in a recent interview that the government has created its own problem and not found a solution.

“What do they do? Send Bob and Ernie to come around to your door, knock on your door and take your prohibited firearms away,” Bernardo said.

He added that most companies in Canada wouldn’t have the scale or ability to do what the government is asking.

As for the price list, Bernardo agreed with Wilson that the government issued list is far too low, that it doesn’t consider what Canadians actually paid for them. Courts in this country don’t look kindly on governments seizing property, legally obtained, without fair compensation.

What we learned over the last week is that the government issued an unrealistic price list for a buyback program that doesn’t exist — even in theory — and that they have already spent millions on.

Does this feel like the start of another billion dollar, or more, boondoggle?
 

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Not surprised esp with this government
The Canadian gov tends to pass all kinds of legislation they have no idea how to enforce the Canadian people are too busy with their own lives to pay attention to what goes on and gullible enough to believe the gov is doing something worthwhile
 
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