Originally Posted by ebffs
That sounds reasonable. You seem confident in your knowledge, you mind me asking what qualifications you have?
Formal qualifications: none.
I have no relevant degrees or certification.
Real-world qualfications: lots.
If I sound confident it is because I am confident. I avoid talking about things I don't know about.
I have many years of experience doing financial management of businesses I owned or co-owned and on a volunteer basis for multiple non-profit organizations. I have served on several boards of directors. I chaired a committee that set annual budgets of hundreds of millions of dollars. I spent many years in a role that required interpretation of statutes, regulations and policy documents, and drafting of same. I have exercised financial power of attorney and been an estate executor.
I have multiple personal contacts at CRA, and also know people working for CBSA and FinTRAC. I pay for financial advice whenever I need to. I have close ties to a broker and a CFP who tell me my knowledge is much greater than the vast majority of their clients.
I have done pro-bono work alone and together with CAs and CFPs, such as setting an organization's audit procedures, capital replacement plan for a condominum corporation, preparing income tax returns for new Canadians, and for family. I have never had CRA disagree with an income tax return I prepared for somebody else. One of the people I did pro-bono work with went on to become Auditor General of Ontario. I prepare my own tax return even though it is more complex than those of the vast majority of Canadians (certainly > 90th percentile). My family income is above the median, but our taxes paid are well below median for our gross income range - all done legally. I have never been audited by CRA.
Never rely on what I or any other poster on an internet forum tells you, no matter how well-informed they may seem or what qualifications they claim. If your ass is on the line, get paid advice from a properly certified accountant or tax lawyer.