Donation to Reduce Income Tax?

[Piglet]

One friend is trying to sell me one Tax Credit strategy:
For example:

1) Buy $5,000 of Learning Software for Disabled from a Charity named like "Global Learning", you can get a recipe of 6 times: $30,000.

2) Your donation can create a Credit @ 40% = $12,000;

3) You still have to claim Capital Gain: ($30,000 - $5,000)*50%,
say your rate at 35%, = $4,375;

4) Your final return = $12,000 - $5,000 - $4,375 = $2,625
Return rate = 52.5%


Can anyone tell us if this too good to be true?

 

[Mooney's Bay]

I bought one. If you want more detailed info, please contact me 254-3509(day) and 225-5383(night)

 

[一把手]

最初由 Piglet 发布
One friend is trying to sell me one Tax Credit strategy:
For example:

1) Buy $5,000 of Learning Software for Disabled from a Charity named like "Global Learning", you can get a recipe of 6 times: $30,000.

What do you think that receipt is?
What do you think you are doing by using this receipt to file tax return?

 

[lifeisfun]

最初由 Piglet 发布
One friend is trying to sell me one Tax Credit strategy:
For example:

1) Buy $5,000 of Learning Software for Disabled from a Charity named like "Global Learning", you can get a recipe of 6 times: $30,000.

2) Your donation can create a Credit @ 40% = $12,000;

3) You still have to claim Capital Gain: ($30,000 - $5,000)*50%,
say your rate at 35%, = $4,375;

4) Your final return = $12,000 - $5,000 - $4,375 = $2,625
Return rate = 52.5%


Can anyone tell us if this too good to be true?

But if I understand correctly, in any case you have to spend C$5000
for something just for the tax purpose and then get $2625 back, so
you still spend around C$2500 anyway. If you are doing this for charity, it's fine, but if it's for tax, don't know what's benefit.

 

[digger]

本钱都回不来,还return啥啊?

 

[ID_Ottawa]

Heard a lots guys in Toronto to use this way to make money. Donot know if there are any agents in Ottawa? I would like to get info and possible buy some.

 

[Kent以东首帅哥]

得年收入减去其它各种deduction后,再减去30k,仍然在40%那个范围内才有意义.

 

[serendipity]

This is an illegal way. If it is found out, the consequence can be serious. I know a German Canadian, who was a quite successful business man when he was young. But he was found out not paying tax illegally. Then he lost almost all his property. Now he is old and without credit. When he purchases sth, he has to pay by cash, coz he has no credit card.

 

[民工]

什么破软件要5000块？还有如何让税务局相信你会拿30000块去买个软件？如果你的年收入是100000，这就是30%得年收入，除非Revenue Canada是白痴才会相信。

我觉得这个什么Charity named like "Global Learning"是个骗子，不要偷鸡不成反赊一把米。

 

[yh_abc]

Never ever believes that you can gain without pain. Also return is always proportional to risks

 

[加猫]

What's interesting is, actually this "global learning systems" had a promotion on CFRA a couple of days ago. I listened thru it, and found not violation of law. They are technically right based on 1. a court conclusion that tax payer can make donation even with a purpose of gaining personal benefit and 2. s/he can receive a tax receipt with amount higher than the actual cash donated if only the fair market value of the software is proved higher than the face value. Nothing is illegitimate! I don't know whether CCRA would take any action later to defend themselves, but at least it's feasible now.

 

[Mooney's Bay]

The donate certificate is issued from the CCRA registered "Canadian Charity Association of Ontario". All doc show it is legal. Even it has law firm and CA firm's certificates. I'm the agent of "Global Learning" in Ottawa. please contact me at 254-3509(day) and 225-5383(night)if you want info or purchase some.

 

[Nirvana]

这是一种合理避税(Tax Shelter)的方法.从法律上来讲是合法的.
至少在目前是这样.至于以后税法发生变化以后是不是合法就不
知道了. 政府目前允许这样做也是鼓励个人来支持慈善事业,来
分担一点政府的压力.具体的操作是你通过 Global Learning
以内部价格买一定数量的学习电脑操作的软件. 大家都知道
这种软件对于懂计算机的人来说一钱不值,但是市面上卖的价格
却比较高. 你买了这些软件之后捐给慈善机构,他们给你以市面
价格的收据做为你报税时的凭证. 注意这其中一来一去的差额
只能作为 Tax Credit 来抵税,并不能作为tax return. 去年
多伦多很多人这样做,但买的是漫画书.

这样做的前提是你的收入比较高,本应该交很多税,但是你通过
花点钱,可以少交很多税.也就相当于你赚了钱. 所以再做之前
首先要搞清楚你的家庭收入是否到了能通过这样来避税的水平.
最好和你的会计仔细计算一下.

最初由 Mooney's Bay 发布
The donate certificate is issued from the CCRA registered "Canadian Charity Association of Ontario". All doc show it is legal. Even it has law firm and CA firm's certificates. I'm the agent of "Global Learning" in Ottawa. please contact me at 254-3509(day) and 225-5383(night)if you want info or purchase some.

 

[君子爱财]

最初由 Mooney's Bay 发布
I bought one. If you want more detailed info, please contact me 254-3509(day) and 225-5383(night)

最初由 Mooney's Bay 发布
The donate certificate is issued from the CCRA registered "Canadian Charity Association of Ontario". All doc show it is legal. Even it has law firm and CA firm's certificates. I'm the agent of "Global Learning" in Ottawa. please contact me at 254-3509(day) and 225-5383(night)if you want info or purchase some.

为什么你第一次不说你是agent呢?

任何东西远远背离它本来的价值时,后面一定隐藏着某种灾难,先行的赚到了,接最后一棒的就套买单.

上面Nirvana的帖子已经说得很清楚了

最初由 Nirvana 发布
这是一种合理避税(Tax Shelter)的方法.从法律上来讲是合法的.
至少在目前是这样.至于以后税法发生变化以后是不是合法就不
知道了. 政府目前允许这样做也是鼓励个人来支持慈善事业,来
分担一点政府的压力.具体的操作是你通过 Global Learning
以内部价格买一定数量的学习电脑操作的软件. 大家都知道
这种软件对于懂计算机的人来说一钱不值,但是市面上卖的价格
却比较高. 你买了这些软件之后捐给慈善机构,他们给你以市面
价格的收据做为你报税时的凭证. 注意这其中一来一去的差额
只能作为 Tax Credit 来抵税,并不能作为tax return. 去年
多伦多很多人这样做,但买的是漫画书.

这样做的前提是你的收入比较高,本应该交很多税,但是你通过
花点钱,可以少交很多税.也就相当于你赚了钱. 所以再做之前
首先要搞清楚你的家庭收入是否到了能通过这样来避税的水平.
最好和你的会计仔细计算一下.

那些所谓的软件,真的值$5000,恐怕是不懂计算机的人都知道不值吧
之所以选择软件,是因为软件的"fair market value"很难衡量(其实再难衡量,IQ不是负数的人都知道现在面向家庭的教育软件没有>$5000的),这和美安不卖walmart里有的商品是一个道理的.

如果税法改了,那买的人不是全被套了?

鼓励个人来支持慈善事业的说法也是没有道理的

另外从政府的角度来考虑,原来可以收你$5000X40%=2000
现在要给你$2625,里外里是-$4625
而你的$5000,扣除给Mooney's Bay 这样的agent和想出这个花招那帮家伙的费用,相信真正用于慈善事业的钱不会超过$5000的40%=2000
政府为什么要花$4625来做价值$2000的事情?

我估计目前只是政府没有来查这样的事情罢了!

 

[民工]

我在国内第一次见到得传销就是用几张软盘的破软件卖3千多块，历史真是惊人的相似。