{"id":27036,"date":"2017-10-20T06:35:14","date_gmt":"2017-10-20T11:35:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=27036"},"modified":"2017-10-20T06:35:14","modified_gmt":"2017-10-20T11:35:14","slug":"canadas-hunt-for-taxes-turns-on-minimum-wage-earners","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=27036","title":{"rendered":"Canada\u2019s Hunt For Taxes Turns on Minimum Wage Earners"},"content":{"rendered":"
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Canada\u2019s Hunt For Taxes Turns on Minimum Wage Earners<\/a><\/h3>\n<\/div>\n
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The hunt for taxes has turned to employees of companies. Any benefit you give an employee is considered \u201csoft-income\u201d and is to be taxed. In the USA, the maximum value of a gift I can hand an employee is $25. I can\u2019t even give them a decent bottle of champagne for New Years.<\/p>\n

In Canada, this same idea of taxing any employee benefit has gone all the way to hunting the minimum wage earners. The politicians have classified any discount an employee gets as\u00a0tax-avoidance and they want their nickel and dime. A\u00a0minimum wage store employee who gets a 20%\u00a0discount on anything the store sells or if a waitress gets a free meal while working is to be taxed.\u00a0The Income Tax Act of the Canada Revenue Agency is now targeting not the \u201crich\u201d but minimum wage earners since the rich are leaving. When an employee receives any sort of a discount on merchandise or a free meal because of their employment, the value of the discount is to be included in the employee\u2019s income and taxed.<\/p>\n

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\"\"<\/a>The hunt for taxes is just going to get worse until the people rise up, as they have always done, and probably start yelling the same words: No Taxation Without Representation!\u201d Politicians are doing the same thing that sparked the French Revolution with their arrogance when taxes reduced the standard of living and people could no longer survive. The response of the government was \u201clet them eat cake\u201d and that did not sit very well even if those words were not really spoken \u2013 it was the rumor attached to \u00a0Marie Antoinette<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Canada\u2019s Hunt For Taxes Turns on Minimum Wage Earners The hunt for taxes has turned to employees of companies. Any benefit you give an employee is considered \u201csoft-income\u201d and is to be taxed. In the USA, the maximum value of a gift I can hand an employee is $25. I can\u2019t even give them a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,103,2210,16596,5479,16595,783],"class_list":["post-27036","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-canada","tag-canada-revenue-agency","tag-employee-discount","tag-martin-armstrong","tag-taxable-benefit","tag-taxes"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27036"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27036\/revisions"}],"predecessor-version":[{"id":27037,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27036\/revisions\/27037"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}