CRA warns against wages to loan tax scheme
The Canada Revenue Agency has issued a warning about schemes where promoters are telling participants they don’t have to pay tax if they turn their wages or salaries into non-taxable loans.
In the warning, issued Aug. 15, the CRA states that popular target groups for the scheme promoters “may include new-Canadians, seniors and students. Students because the scheme is often promot...
by The IIJ Staff Aug. 15, 2017, 1:30 p.m.