Accounting and Taxes Thread

[TheIronMaiden]

Hypothetically, If I sell hay, get paid cash, and give a person a receipt. How do I declare that money without having to deposit it?

[Locke]

Originally Posted by TheIronMaiden

Hypothetically, If I sell hay, get paid cash, and give a person a receipt. How do I declare that money without having to deposit it?

So you want to declare the cash but not put it in the bank? On your Tax Return just include it under a Farming schedule.

[TheIronMaiden]

Originally Posted by Locke

So you want to declare the cash but not put it in the bank? On your Tax Return just include it under a Farming schedule.

Well I'd rather not declare the cash, but I gave a recipts, which would imply that I should declare the cash so the CRA doesnt try to #### my ass

[Locke]

Originally Posted by TheIronMaiden

Well I'd rather not declare the cash, but I gave a recipts, which would imply that I should declare the cash so the CRA doesnt try to #### my ass

Theres lots of ways to do it in order to make your life easier. It depends on how much it is and a myriad of other factors in terms of selling 'hay.'

[calf]

For anyone who is a CPA, any personal experience with the CPA Insurance Plan West? I've been shopping around and they have significant savings from my current insurer and other places I've received quotes from. Curious if there's a catch in terms of coverage/exclusions Ilm not seeing, poor service, etc?

Sent from my Pixel 9 using Tapatalk

[Mr.Coffee]

Awesome how when the government owes you money they can take a year or more to pay you but when you owe them…

Such a joke. Hire more ####ing people if you can’t run your tax system properly.

[Shazam]

Damn, it took them almost six months for them to give me my tiny tax refund back.

They hired more people. They're just not very productive.

[Fuzz]

I'm going on month 9, and all they need to do is figure out how the concept of dates work. For instance, if the slip says 2022, you don't auto-match it to a 2023 tax return, particularly when that slip is already entered in 2022, the year it is designated for.


I got a notice my reassessment application had reached someones desk, and a day later that it got escalated, so I guess this is a fairly complex issue requiring multiple agents to understand. Those years are tricky, what with them being whole numbers and all. Expecting at least another 6 months before I get my money back, if ever.

[Locke]

And you guys want these people to do your Tax Returns for you...

[Locke]

In a scathing new report released Tuesday, the auditor general found Canada Revenue Agency contact centres are repeatedly failing to answer calls in a timely manner — and when agents do connect to a customer, they are often providing inaccurate responses.

While the CRA has committed to answering 65 per cent of calls within 15 minutes — a standard that is already much lower than it was in the past — Auditor General Karen Hogan found that just 18 per cent were answered in that time frame in 2024-25. In June, the service offered was even worse: fewer than five per cent of calls were answered within 15 minutes.

The AG's office placed 167 test calls to the CRA between February and May of this year to assess the agency's promised response time — the average wait time to reach an agent was nearly 33 minutes. Between time on hold and spent with an agent, the report said it took analysts about 50 minutes on average to get an answer to a query.

Perhaps the auditor general's most troubling finding is that tax-filers are often getting inaccurate information from CRA agents.

The auditor general's office assessed the quality of the test calls it placed and found only 17 per cent of the answers provided to non-account-specific or general questions about individual taxes were accurate — and those sort of calls make up about one-fifth of all calls answered by agents.

The answers to questions about benefits and business taxes were better, but CRA agents still barely received a passing grade, with 56 and 54 per cent of those respective calls determined by the auditor general to be accurate.

And it's not like the agency's artificial intelligence tools are doing much better. The CRA's chatbot, Charlie, which can answer basic tax-related questions online, provided accurate answers only a third of the time, according to the AG.

The AG found that the CRA spent little time or effort on improving the accuracy

"Canadians are expected to provide their tax returns on time and with accurate information. And I think, in return, they should expect that the Canada Revenue Agency will be available in a timely fashion and provide them with accurate information and I would say this is not the case," Hogan said.

https://www.cbc.ca/news/politics/ag-...tary-9.6946672

But yeah, lets hand more responsibility to these fine folks.

[Qwerty]

As an accountant who deals with the CRA a lot, 17% correct answer rate is higher then I would of thought. I wouldn't let the CRA walk my dog, let alone do my taxes.

[Mr.Coffee]

Sitting in the Harry Hays passport office for the last 2 hrs.

16 wickets / windows, 5 people working, 2-3 hr wait. Maybe longer who knows, there’s like 400 people here. Totally asinine.

And people wonder why people question if the government is running things properly. Like, should it really take 4 hrs to get a passport application submitted? Does that make sense? Like why is the gov so brutal?