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Need help reference inerest charged.

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Re: Need help reference inerest charged.

Post by bobm on Wed 17 Dec 2014, 16:03

thank you all

bobm
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Re: Need help reference inerest charged.

Post by Guest on Tue 16 Dec 2014, 22:31

bobm no easy answer been through this and the answer lies in the amount of interest ore deemed tax you have paid .

if you compare the 3.27% you were given to that interest and the interest you were charged outweighs the 3.27 % by a substantial amount you can ask for relief under the fairness provision and once you get denied ask for a judicial review ,

HINT ; the judicial review argument should be framed as to of all the three extra amounts paid to the CRA under the ITA interest , penalties or deemed tax/notional interest . why is the deemed tax/ notional interest the only one excluded under the fairness provision and does this satisfy the intent of the fairness provision .

its easier than it seems and probably would be successful IMO .

id throw in a request for tax relief just in case someone challenges it in the future and wins. keep the rejection letter.

as far as the judicial review is concerned if your deemed tax doesn't substantially outweigh the 3.27% the judiciary will not even look at your case TRUST ME .

FRACKERS

propat


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Re: Need help reference inerest charged.

Post by bobm on Tue 16 Dec 2014, 20:34

did pay income tax on this 2% extra plus laywer's fee

thank you very much

bobm
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Re: Need help reference inerest charged.

Post by Teentitan on Tue 16 Dec 2014, 19:20

Sorry bobm but the answer is no. In the settlement we were given an extra 2% or so to offset the interest we were going to be charged by the fed's and quebec.
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Need help reference inerest charged.

Post by bobm on Tue 16 Dec 2014, 18:46

I had retro for 10 years period. Send the T1198 everything is ok but I found out that I paid interest on quebec and federal.Is there a way to NOT pay interest
thankyou

bobm
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