Here is the question of the day: Why do I spend so much money having my taxes done by a C.A. who specialises in overseas taxes and charges an arm and a leg when he ends up sending me emails telling me that the CRA called and asked for me to fill a form...and could I please fax it to the tax department!?!?!?
As a typical CRA tax form there is a part with just explanations -not that they make any sense- and in there the top part includes "some businesses cannot use..."...
I AM NOT A BUSINESS and apparently my accountant does not know it!
Scary!
I have to fill a "Election and Revocation of an Election to use the Quick Method of Accounting" (this is not a joke. This is the actual name of the form) and I have to decide to either "elect to elect" or "revoke to elect"...I don't even know what they are talking about. And of course I have to tell them the exact date when I want this "election of election" or "revocation of election" to start taking place...Again...what are they talking about?...My accountant...Hmmm...I should say "my soon to be ex-accountant" of course does not have a word of explanationor advice on it.
I think I will elect to elect starting January first 2005! Sure, why not?
Last time the CRA audited me they had to come up with an extra $600 that they owed me. I guess it is worth trying it again.
Anyway shouldn't it be called the CCRA?
