Path: utzoo!mnetor!tmsoft!mason
From: mason@tmsoft.uucp (Dave Mason)
Newsgroups: can.general
Subject: Re: income tax: what's this nonsense?
Message-ID: <1989Mar29.114927.12862@tmsoft.uucp>
Date: 29 Mar 89 11:49:27 GMT
References: <144@mindlink.UUCP> <1989Mar29.002321.5939@gpu.utcs.toronto.edu>
Reply-To: mason@tmsoft.UUCP (Dave Mason)
Followup-To: can.general
Distribution: can
Organization: TM Software Associates, Toronto
Lines: 17

In article <1989Mar29.002321.5939@gpu.utcs.toronto.edu> kocic@gpu.utcs.UUCP (Miroslav Kocic) writes:
>In article <144@mindlink.UUCP> a283@mindlink.UUCP (Steve Miller) writes:
>
>>Yes I agree! Why don't we all just send in blank signed returns and let their
>>computer assess what is owed to whom. In the end it's up to them anyway and if
>
>The man raises a valid point.  RevCan gets all documentation from other sources
>anyway -- ie. employers, financial institutions -- so filing a personal return
>seems to be a duplication of effort, and a wasteful one considering that most

The idea behind having both sides of the transaction report is to
provide a system of checks and balances so that (for example) if the
bank keep witholding tax when they pay you some interest they can't
just pocket it, because you'll send the government your T5 or whatever
which will show a discrepancy.  (Of course it also works the other way
if YOU're the one trying to avoid tax).
	../Dave