Accounting and Taxes Thread

[Slava]

Originally Posted by RandyHolt

I mean Slava's not wrong though. It's a stupid tax credit that creates a significant amount of work for both the individual and CRA. These types of tax credits, like child fitness credit years ago, are good in idea and terrible in execution.

Just create a second lower sort of disability credit with a flat amount and include celiac as qualifying for that. Once approved there's no real work for either the individual or CRA.

That's just it. There was someone earlier talking about how they had saved all these receipts and were tracking this, but the return from all that is negligible. Then we have some public servants to go through these things, and some will be audited for verification, and to what end?

I feel the same about all the "boutique" tax credits like volunteer firefighters, teachers, etc. These things all make the tax code more complicated, make filing increasingly onerous, and provide nearly no benefit to citizens.

[Fuzz]

Originally Posted by Slava

That's just it. There was someone earlier talking about how they had saved all these receipts and were tracking this, but the return from all that is negligible. Then we have some public servants to go through these things, and some will be audited for verification, and to what end?

I feel the same about all the "boutique" tax credits like volunteer firefighters, teachers, etc. These things all make the tax code more complicated, make filing increasingly onerous, and provide nearly no benefit to citizens.

Well ya, that's what we are saying. Make it a flat refund and be done with it. The receipts and auditing are dumb. I guess getting rid of it gives me the same refund as I get now, which is zero. So sure, get rid of it I guess.


We should keep all the discounts the top 1% get though, those are essential to keeping them here creating trickle downs for the rest of us plebs.

[malcolmk14]

Originally Posted by Qwerty

I have a wife/daughter that are celiac, I was looking to claim the incremental difference in the cost of regular vs gluten free. We tracked it throughout the year, it is under the threshold for medical expenses so it seems I am not getting any credit for it. Is there a special line to put this to? 33099 won't give me any actual refund. Google tells me that unless its over the lessor of 3% of net income or $2834 I am SOL.

I feel I wasted a lot of time highlighting receipts and tracking every purpose for no reason!

Just wanted to make sure there isn't a special spot to put this or something....

Waste of time. The Canadian Celiac Association is advocating for a blanket deduction/credit for people with Celiac disease. I believe it was introduced in the House of Commons recently, or will be soon.

[kevman]

Originally Posted by Fuzz

We should keep all the discounts the top 1% get though, those are essential to keeping them here creating trickle downs for the rest of us plebs.

Maybe it was just me, but I assumed Slava was also referring to the proliferation of credits for the 1%.

I agree with Slava, it's dumb how every election our political parties buy our votes with more niche tax credits. Remove the credits, simplify the tax system and lower the base rates for everyone instead.