Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
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RCN-Retired
snrnavcom
Teentitan
7 posters
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Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
RCN retired. When you have shares in a corp it is no different than having shares in IBM or holding non-registered mutual funds. ANY profit or dividends paid to you should not be called income AS FAR AS sisip concerned. If this was the case then a loss should result in SISIP giving you MORE funds to compensate (LOL). Normally any profit you make from these ventures could be reported as Capitol Gain or if the funds are kept INSIDE the corp than no profit is shown to the individual until he takes that dividend. There are lines on the tax summary for the following:
EMPLOYMENT INCOME
TAXABLE AMOUNT OF DIVIDENDS FROM TAXABLE CDN CORPORATIONS
INTEREST AND OTHER INVESTMENT INCOME
CAPITOL GAINS DEDUCTION
Also many other lines on form too numerous to mention. A good accountant (not H&R Block where some person takes a 2 day course and then gets hired) can tell you the best route to take, whether or not to declare dividends, whether its a capitol gain or loss etc. Advice to you is definitely pay a little extra to seek out a professional. I don't recommend banks because they will simply act as like a restaurant and hand you their individual menu.
EMPLOYMENT INCOME
TAXABLE AMOUNT OF DIVIDENDS FROM TAXABLE CDN CORPORATIONS
INTEREST AND OTHER INVESTMENT INCOME
CAPITOL GAINS DEDUCTION
Also many other lines on form too numerous to mention. A good accountant (not H&R Block where some person takes a 2 day course and then gets hired) can tell you the best route to take, whether or not to declare dividends, whether its a capitol gain or loss etc. Advice to you is definitely pay a little extra to seek out a professional. I don't recommend banks because they will simply act as like a restaurant and hand you their individual menu.
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
AIRBORNE "All the way then some"
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
got mine yesterday sorry to break the chain lol
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
mine was in yesterday.
propat
propat
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Hmm, haven't got ours yet, but then if you go to the end of the road and get out and walk for a while, that's where we are. I'll run into town on Monday and check.
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
they mentioned proving past the 24 months to qualify. I have may continuation letter, should that be sufficent? thanks
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Kenora Ontario too!
Sapper Zodiak- CSAT Member
- Number of posts : 963
Age : 55
Location : warm side of the rockies...
Registration date : 2012-11-12
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Both my husband & I received ours today in NB.
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Same got the letter here in southern Alberta
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
All at once, on the same day!!!! Must be a conspiracy, acerman check this out
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Same in Rockland, Ontario
DeeCee- CSAT Member
- Number of posts : 77
Location : Ottawa
Registration date : 2012-11-07
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
same here on PEI
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Same here in Quebec.
Guest- Guest
Re: Has Anybody heard Anything from the Lawyers or SISIP ????? I thought the GAG was over?
Received an info letter with the Proposal on 4 pages from Sisip today.
That's here in NL.
That's here in NL.
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