MONTRÉAL, Sept. 20, 2017 /CNW Telbec/ - The Centre québécois de formation en fiscalité (CQFF, a taxation training firm) is publishing the first in a series of newsletters revealing blunders by the Department of Finance Canada and its officials, in order to cast light on problems and shortcomings with Canada's income tax system accumulated over more than 15 years.
"Gross errors and omissions, together with a failure to act, are causing serious harm to taxpayers and are costing the federal government a fortune," said Yves Chartrand, M. Fisc., President and Founder of the CQFF. "The time has come to defend taxpayers from the apathy of civil servants in the Department of Finance Canada!"
In each newsletter, the issues and observations raised are backed by tangible examples and accompanied by copious documentary evidence. This first newsletter focuses on four cases that are examined and set out in detail:
- A six-year delay in correcting the taxation of "non-eligible" dividends, an oversight that has cost the government at least $2.5 billion;
- "Paved" farmland: many hundreds of millions of dollars exempted from taxation for no reason, since 1988;
- Examples of inaction that continue to punish taxpayers, such as the "plex" saga;
- A serious example of "practical" incompetence: partial or total loss of the small-business deduction for subcontractors who are not dealing at arm's length with a shareholder of another SME.
"By publishing these newsletters, the CQFF seeks to end the prevailing omertà on the unsatisfactory work of Department of Finance Canada civil servants, with nobody paying attention to the tax system's problems," Mr. Chartrand added. "It's time to highlight the growing mess created by these officials, whose errors keep mounting, to the detriment of taxpayers."
To access the full version of the first newsletter: http://www.cqff.com/informateur/Deroute_fiscale_anglais_sept2017.pdf
To access a summary of the first newsletter: http://www.cqff.com/informateur/Deroute_fiscale_anglais_sommaire_sept2017.pdf
About the Centre québécois de formation en fiscalité
The Centre québécois de formation en fiscalité - CQFF Inc. is a privately owned taxation training company founded in 1992 to provide high-quality tax training and information on a tangible and practical basis. Making tax information easier to understand and revealing the administrative practices of tax authorities are priorities. The CQFF specializes in Canadian and Québec income tax and attracted nearly 9,300 participants in the latest year.
SOURCE Centre québécois de formation en fiscalité
For further information: General information and interview requests: Sabrina Fournier, 514 625-5131 (cell)