Reward for Snitching On Tax Cheats

By | 02/17/2014

Want to make thousands of dollars by making a simple phone call? It’s easy and anyone, even outside of Canada, can do it (^_-) All we have to do is throw our rich, tax-cheating friends under the bus, figuratively speaking of course πŸ˜€ Do you know any rich people who have undeclared offshore income? If so, you could rat them out to the Canada Revenue Agency and collect a reward πŸ˜‰ Here are the basic conditions.

  • There will only be a reward if the tax cheat owes more than $100,000 to the federal government, not including interest or penalties.
  • If the tip pans out the reward will be 5% to 15% of the total cash collected by the CRA, depending on the quality and relevance of the whistleblower’s information.
  • The unpaid taxes must arise from accounts or assets held outside Canada.
  • To ensure no one profits from a crime they committed, people convicted of tax evasion can’t report their own case.

Pretty straight forward eh πŸ™‚ I hear stories about rich people living in multimillion-dollar homes in West Vancouver, but still receive government assistance and tax benefits because they claim to have “low income” even though they’re operating lucrative businesses in other countries, lol. If you know anyone who owes a lot of offshore taxes to the government then feel free to claim your reward πŸ˜€ That’s at least $5,000 to $15,000 in your pocket. Who doesn’t like easy money right? πŸ™‚ Tipsters can call the CRA’s new offshore hotline at 613-960-4265 or toll-free at 1-855-345-9042. All calls are confidential.

This helps the CRA collect revenue. The whistleblower makes some easy money.Β  And the tax cheat can have a clear conscience. Wow, everybody wins! πŸ˜€ For years, other countries have rewarded people who snitch on tax cheats. It’s about time Canada put in place a similar program. But to be fair, tax evasion is not a huge issue here to begin with, compared to other countries around the world.

14-02-taxevade, snitch, taxes

Now if only I knew some rich acquaintances, muahaha 😈 Of course most people who are wealthy tend to stay out of the spotlight.

Random Useless Fact: When a pregnant woman suffers organ damage the fetus will send stem cells to repair the damage.

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