Can revenue Canada seize my bank account for my husbands debt?

I moved to Canad from the states back in October 2009. I opened a bank account completely separate from my husband. He owes about $25,000 in taxes to Revenue Canada. He was making payments until last summer when he lost his job. Since he couldn’t find work, he was living off his credit cards. Revenue Canada contacted him when he stopped making payments and he let them know about the situation. They sent him some paperwork he filled out and out of good faith he made a $100 payment and told them he would pay more when he could. When I moved here we didn’t think I would have any problems finding work, but even after almost 6 months I was only able to get a month seasonal job during Christmas, otherwise no one will even give me an interview. In the meantime my husband has started a small business that just barely covers our monthly living expenses (this was back in December). At the same time he received a letter from Revenue Canada stating if he didn’t fill out this form that authorized them to pry into every nook and cranny of our lives for the past 10 years, they would proceed with legal action. Since it was Christmas we couldn’t get an appointment to see an attorney to find out what our options were so he sent a letter to Revenue Canada asking them for an additional 30 days to consult a lawyer and he would get back to them. After talking to the lawyer, my husband make several attempts to contact Revenue Canada. never hearing back or being able to get a hold of the person he was dealing with. Before we knew it, they seized his bank account and took what little money that was in it. Miraculously when he called Revenue Canada to find out what happened he got a hold of the guy and he told him basically any money that goes in Revenue Canada will take and they were proceeding with legal actions. When he told him he kept trying to get in contact with him, the guy played dumb like he never got any of his messages. So my questions are 1) what are our options? We can negotiate a payment plan but there is no way we can pay off all the debt in 2 years like they want especially since I can’t get anyone to hire me. and 2) can revenue Canada seize my bank accounts as well even though it is solely my account and not a joint account?

Thanks ahead of time!

How to register a business for online cellphone store in ontario, toronto?

I have found a supplier for electronics products like cellphones and other electronic products. They are legit US registered company and i have also tested them with small orders. I want to open an online retail store, sell on ebay and also sell in wholesale to other buyers. I only want to operate my business via online. Every month I have to wiretransfer large amounts like USD$50,000 to US for my business. Am I allowed to wire transfer money to US w/o any problem. Can i send money from my personal account or would i need a business account. Do I have to notify Revenue Canada before i do the wire transfer. Would they check the money going to US. I have heard when you T/T over $8000US then only they check.

what licences do i need to start this business, who do i have to contact and do i really have to charge sales tax to my customers. I dont want to charge any GST or PST or any other sales tax to my customers. I want to keep my prices low to attract more buyers. Please advice

I think Canada Revenue made a mistake? GST/HST Account question?

When I did my taxes, it said I’d get $990.06 back. I got $817.11 back with an explanation that the remaining $172.95 was taken and applied to a balance I owe on my GST/HST credit account. Isn’t that something that businesses have? I don’t own a business, so what are they talking about? Is it possible they made a mistake? I don’t owe anyone anything and the only government related bill I have is for BC Medical Services, which I pay on time every month…I’m confused!

Can Revenue Canada count a person who rents a room in a house and the owner of the house as common-law?

Well odd story that came to me from a good friend of mine and I wanna know if this is possible and how I can help out the people who are in this situation at the present moment.

So basically there are 2 individuals Y (female) and X (male). This two individuals are not married, not common-law and are not boyfriend/girlfriend type of relation.

Now person X rents a room in persons Y house. However person X also has a join-account in the bank with person Y. This is due to the reason that they have a business and are business partners so they are running a partnership type of business.

What ended up happening is the following, upon tax submission somehow the people at Revenue Canada marked both of this individuals as common-law marriage type of relation.

Now person Y received a letter from Revenue Canada requesting over $10,000 back in taxes as well as she now has to pay back Revenue all the child benefits cheques that she receives.

From what I read on Revenue Canada site commons-law marriage is if they are boyfriend and/or girlfriend living together for more then 12 months, but in this case its not that its more of landlord/renter and then just partner in business. However taxes for business have to be separate from personal taxes.

Is there any Ontario and or Canada bound laws that Revenue Agent has violated by putting the two people together as commons-law while this may not be the case in reality. Or is this legal? And if was done by a human error what to do to resolve this issue with RCA?
* sorry thats CRA

Do I have to register a business under my name to BUY/SELL online?

I will be transfering amounts of US$20,000 every month to my supplier, Can I do this w/o having a company registered under my name. Am I allowed to wire money every week to US account with the intention of showing my profit during tax time. What i want to know is if I am allowed to send and receive money from different parts of the world eventough I dont have a business setup. I do want to show my earnings during tax time and i dont mind paying taxes. Thats why i am concerned and want to do this the proper legit way

I have found a supplier and want to sell on ebay and also want to sell in wholesale. My supplier will dropship the items for me. But every now and then I would be making a wiretransfer of USD$10,000 to their bank account in US for my dropship business. Am I allowed to wire transfer money to US w/o any problem. DO i have to notify Revenue Canada before i do the wire transfer. Would they check the money going to US. I have heard when you TT over $8000US then only theycheck

What forms do I need for income tax if I am an Independent Consultant in a direct sales business? CANADA TAX!

I work casually as an Independent Consultant in the direct sales business ( avon, toys, etc, that kind of thing). How do I claim my income on my income taxes? Is there a certain form I have to fill out with a ton of info, or can I basically say, here is my net result after all my expenses are calculated into the mix? Canadian tax info only please!

Which University for a Bacherlor’s Degree In Business Canada?

I usually maintain around an 86% average but my math is in the 90s and science mid to high 80s. It’s english which is usually a bit lower (80ish) and the business classes are mid to high 90s. My question is what good universities do I have a good chance at? Western? Queens? McMaster? York?

Also, I do plan of getting an MBA after too if that helps?

I am doing MLM/Network Marketing business and I want to start it canada wich is the good place I can start in?

how could I start in canada as it is a new market to me,? what could attract people in MLM business in canada and USA? do I need to open office as a location for my business or I can do it any where cafe, home, clup?

How’s Classified ad Advertising doing for your Small Business in Canada?

Haven’t had much luck with it unless am not doing it perfectly. Please report on your feedback and any classifieds advertising ideas will be appreciated.

Doing Business in Canada as a USA Citizen?

I have a business registered in the USA and am a USA Citizen.

I now live in Canada with Permanent residence status. Am I allowed to register another business in Canada so I can do business in both places?

Also, what are the Tax Implications.

Can I claim my Canadian business expenses on business items I bought before incorporation after I incorporate?

Currently, I have not yet incorporated my business. I plan to though. I have a chance right now to get some of the machines for my company at a lower than usual cost so if I bought them now, can I claim my business expenses on the business income tax on items I bought before incorporation, after I incorporate? Or do I have to buy them while I’m incorporated in order to make this claim?

Please recommend me a good Business Plan writing “guide” ….?

Hi,

I’m looking for a book that will assist me “along the way” to writing a a business plan, pretty much a guide that will get me to write in the right details and ask the right questions.

Thank you.

P.s I am NOT a fan of those “Dummy” or “Idiot” books.
and if it makes “any” difference on literature, I would like one that has some knowledge of canadian business and tax structures. (I’m located in Canada)

Thank you once again!

Is there a difference between Canadian Business and American Business in University?

I’m planning on going to NYU Stern (Business School). However, I wanted to keep my options open and was wondering if there was any difference in the curriculum between Canadian business schools and American business schools?

Website to help me complete a business plan?

Hello Everyone!
We have been in business in Ontario, Canada for seven years. I am trying to create a business plan to get us some government funding to expand our business. I am wondering if anyone knows of a website that can help you step by step with the process. Canadian sites only please. Thank you in advance for your assistance

Do Canadian Business Schools have world-wide recognition?

Hi! I am planning to do my MBA from one of the Canadian B-schools.I am an Indian and plan to work there for a couple of years post my MBA but, would want to keep the option of returning to India or working in any other country open.Is Rotman,Schulich or Ivey good enough to give me the mobility to work any where in the world including India.Moreover,to start with will I get a job easily in Canada after the MBA

why do you need planning permission in your own land?

for example, I want to create a barn conversion (convert it into a holiday home), and widen the road for cars to get in,(which cost over 6000GBP including and 800GBP bat survey which found 0 bats… we also thought in the past of creating a small campsite and bring back our tea room which we had in the past… but we needed planning permission and licenses …
the Welsh government always talk about tourism in Wales, but it seems like they are against people who want to create a business by bringing tourists in…

why do we need permission from people who don’t even live on our land or near the area?
and why does it cost so much for a person from some office just to come up and give us permission?

i’m thinkin about opening a small business?

and its for serious too. ok look: i detail/customize my own jeans-shirts-hats-shoes-denim jackets, and i‘ve done it for other people besides myself. i dont make the clothing and shoes, etc, but take whatever it is and do a custom design/and or detailing on them. i get compliments on all my stuff, so i figured why not give it a shot and get paid for doing it. so i guess i need a business license? i have no clue where to get one in person. and i wont be doing anything major, just at home, like in the garage. does anybody have any experience with this so you can give good advice to get me started. and i will be working alone. no employees other than myself. thanx

How do I start my own Dog Training and Dog Walking Business?

I am 19 years old. I know what I am best at and that is dog training and walking. I already have 3 references for dog training. and 2 for dog walking. I have been trying to get hired by companies but nobody is hiring me.

So I think I must start a business of my own. What steps should I take to do this? Do I need a business license for this? If so, how hard is it to get one? Does it cost money? (cause I don’t have any money because I have never been hired.)

I am just so sick of not being able to do anything about not being employed. I can’t even get government aid of any kind to help me out till I can get a job. Like I don’t even own a bra I am so poor. I have no presentable clothing…might be why I am not getting hired- but I don’t have any money for anything.

I need advice..A person approached me that is putting a business together, and asked me to be part of them?

since I have a Florida Real Estate Broker’s license..they said they have the money behind the scenes…but need a “Florida Broker’s” license…they do not have any real estate license…that is why they are approaching me. What should I do??? I have tried to do background checks…not really finding anything….Can you advise me?? Thank you in advance for any information you can advise me with….and “Happy Holidays”.

Do I qualify for a small business loan?

I need a relatively small business loan, (40K) to cover intial operating expenses for my seed-stage business.

Here’s what I do have:

Over 10 years hands-on experience in my field, extensive business / marketing “knowledge”, intelligence, passion and enthusiasm, a solid business plan and statistics / research for the past 2 years proving how and why my business will be successful.

However, I lack formal education, management experience and experience running my own business. In addition, I have a horrible credit rating, about 15K in personal debt and no collaterral.

We’ve all heard that investments are made to the people, not the business. On paper, I as a person look like a big risk, but my business is a million dollar idea. (I know that’s what everyone says, but my pro-forma income projections have me generating roughly 5 million dollars profit annually in just 3 years…and those are very feasible estimations) I have done extensive reading and learning about effective business operation and how to be successful, but don’t have a piece of paper from a University or College. (I’ve never let my education interfere with my schooling as Twain said)

I’m quite confident that a bank would laugh me right out of their office, but would a private investor or other organizations be able to “see the forest through the trees” so to speak or would the focus be on my credit, lack of formal education etc.?

The only thing I’m not interested in is any venture capital firms. Sure they would help me now, but in three years they’d be helping themselves to my profits…but any other ideas would be greatly appreciated. I am located in Canada, so anyone with a Canadian perspective or resource would be beneficial, but will take input from anyone in the world that can provide some insight.

What is better for a small business a S corp o a LLC?

I have a DBA and I’m planing to change to a S corporation o a LLC the company is a small plumbing operation, with only one employee for know, but the plan is to grow it, and create credit for the business, with entity will be the best to chose

Business license cost for a small service operation in Missouri?

Trying to sort it all out and you know how it is with the bureaucracy/IRS nonsense so if someone knows the answer, or even a possible answer or clue in the right direction, then that would be great for me. I’ve heard I may be able to get away from it for a while, since the business is small and I only expect to make a couple hundred dollars extra a week, but it may grow larger and I want to be well informed and prepared if it does. It’s a laundry service and I plan on drastically outcompeting other laundry businesses in the area basically by doing the work myself and not having “excessive expenses” like additional labor and what not.

10 pts. best answer thanks

Quick interview for small business owners?

Business Name:
Owner’s Name(s):
Location/Phone:
Type of Business:
Sole Proprietorship, Partnership, or Corporation?:
Products (goods sold or services offered):
Years in existence:
Number of employees:

Questions: Please try to answer at least 8 questions in 2 sentences or more.
What prompted you to begin or buy this business?
What kinds of problems did you anticipate before you started?
What kinds of problems do you deal with in the daily operation of your business?
What types of employees do you have? (part time, full time, hourly wage, salary, etc)
Do the different types of employees have different positives/negatives to you as an employer? Explain.
Before starting your business, did you have a business plan?
As a small business owner, do you believe you have any advantages over large business or corporations? If yes, what? If no, why not?
What advice would you offer to anyone who is thinking about starting a business of their own?
What are some benefits of owning your own business and running it?
What advertising methods do you use, if any?

How do u calculate and format a small business’s projected costs when making a proposal to a bank?

I am starting a small business and need to have a financial plan for the business plan. I find myself calculating the first years costs as one big budget, but I am not even sure that the assets are going to cost what I sm projecting. How detailed do I need to get? Start-Up and Operations as a whole, or break it down all the way to pens and pencils?

Obtaining a business loan with credit problems?

Anyone knows how I can obtain a business loan with a credit score >600? I’d like to open a small bakery/cafe. Also I need help writing a business plan. I heard of a program for Women and Minorities, does this really work? Anyone knows exactly what’s needed to obtain a loan?

Tips opening your own business.?

I want to open a deli/sandwich/bakery shop here in my city. I don’t want to buy a franchise, I want to open an original shop. Any ideas or sites on how to get started. Fortunately I’m an accounting major in college, so I can handle my own books but I have no idea where to get started. Like writing a business plan, and if there are any community agencies or federal agencies that help with small business loans or grants. Thanks for the help!!

Starting a new Business?

1. You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $125,000 loan from your family and a $40,500 small business loan. These loans must be repaid in full within 10 years.

a) What integer would represent the amount you must repaid in full within 10 years?

b) Thirty percent of your budget will be used to purchase equipment for the bakery. In addition, twenty-five percent of your budget will be used to rent business space and pay utilities. Write an algebraic expression that indicates how much money of your budget will be spent on purchasing equipment for the bakery, renting business space, and paying utilities. Simplify the expression following the rules of Order of Operations.

c) Write an algebraic expression that illustrates your remaining funds after paying for equipment, rent, and utilities. How much money is left? Simplify the expression by following the rules of Order of Operations.

$80,000 loan from family $38,250 small business loan from bank All loans to be repaid in 10 years?

Starting a Business

Starting your own business can be exciting and daunting at the same time. Businesses use math when managing finances, determining production levels, designing products and packaging, and monitoring labor. A bakery can be a highly profitable and rewarding business. During this activity, you will apply the skills from Ch. 1 & 2 to navigate some of the issues facing bakery owners.

Application Practice

Answer the following questions. Use Equation Editor when writing mathematical expressions or equations. First, save this file to your hard drive by selecting Save As from the File menu. Click the white space below each question to maintain proper formatting.

1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years.
a.What integer would represent your total budget?

b.You will use 25% of your budget to rent business space and pay for utilities. Write an algebraic expression that indicates how much money will be spent on business space and utilities. Do not solve.

c.How much money will rent and utilities cost? Explain how you arrived at this answer.

d.Imagine an investor has increased your budget by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the cost of rent and utilities? Support your answer and write an equation or inequality that illustrates your answer.

e.This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.

$38,250 + $80,000+ $22,250-0.25($80,000 + $38,250) =
¬
2.You are trying to decide how to most efficiently use your oven. You do not want the oven running at a high temperature when you are not baking, but you also do not want to waste a lot of time waiting for the oven to reach the desired baking temperature.

The instruction manual on the industrial oven suggests the oven temperature will increase by 45 degrees Fahrenheit per minute. When the oven is initially turned on, the temperature is 70 degrees Fahrenheit. What will the temperature of the oven be after 7 minutes? Write an expression and explain how you arrived at your answer.

3.In your industrial oven, you bake two baking sheets with 12 scones each, two baking sheets with 20 cookies each, and one baking sheet with 2 scones and 10 cookies.

a.Write an expression that illustrates the total cost of all baked goods in the scenario above using the variable s to represent the cost of scones, and the variable c to represent the cost of cookies. Simplify your expression by combining like terms.

b.Imagine you have decided to price the scones at $2.28 each and the cookies at $1.19 each. How much total revenue would result from selling all the scones and cookies baked in the oven at one time?

c.Yesterday your store earned $797.30 just from the sale of cookies. Write and solve an equation that represents how many cookies were sold.

4.Your profit P is determined by subtracting the cost C, the amount of money it costs to operate a business, from the revenue R, the amount of money you earn from selling your product. Profit can be represented algebraically by the equations:

Profit = Revenue – Cost
OR
P = R – C

a.Rewrite the formula to solve for C.

b.Imagine your profit for 1 day is $1,281, and the cost of running the business for the day is $1,463. What is the revenue for that day? Explain your answer.

5.When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5,000. Refer to the table below and answer the questions that follow. Round your answers to the nearest tenth of a percent.

CategoryCostPercentage
Labor$1,835
Materials18%
Rent and utilities25%
Miscellaneous$1,015
Total$5,000100%

a.What percentage of the total monthly budget is spent on labor?

b.What percentage of the total monthly budget is spent on miscellaneous items?

c.How much do materials cost monthly?

d.How much do rent and utilities cost monthly?

You have recently found a location for your bakery and have begun implementing the first phases..?

1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years.
a)What integer would represent your total budget?

b)Twenty-five percent of your budget will be used to rent business space and pay for utilities. Write an algebraic expression that indicates how much money will be spent on business space and utilities. Do not solve.

c)How much money will rent and utilities cost? Explain how you arrived at this answer.

d)Suppose an investor has increased your budget by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the cost of rent and utilities? Support your answer, and write an equation or inequality that illustrates your an
and write an equation or inequality that illustrates your answer.

e)This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.

$38,250 + $80,000+ $22,250-0.25($80,000 + $38,250) =
¬

2.You are trying to decide how to most efficiently use your oven. You do not want the oven running at a high temperature when it is not baking, but you also do not want to waste a lot of time waiting for the oven to reach the desired baking temperature.

The instruction manual on the industrial oven suggests your oven temperature will increase by 45 degrees Fahrenheit per minute. When the over is initially turned on, the temperature is 70 degrees Fahrenheit. What will the temperature of the oven be after 7 minutes? Write an expression and explain how you arrived at your answer.

3.In your industrial oven, you bake two baking sheets with 12 scones each, two baking
sheets with 12 scones each, two baking sheets with 20 cookies each, and one baking sheet with 2 scones and 10 cookies.

a)Write an expression that illustrates the total cost of all baked goods in the scenario above using the variable s to represent the cost of scones and the variable c to represent the cost of cookies. Simplify your expression by combining like terms.

b)Suppose you have decided to price the scones at $2.28 each and the cookies at $1.19 each. How much total revenue would result from selling all the scones and cookies baked in the oven at one time?

c)Yesterday your store earned $797.30 just from the sale of cookies. Write and solve an equation that represents how many cookies were sold.

4.Your profit P is determined by subtracting the cost C (the amount of money it costs to operate a business) from the revenue R (the amount of money you earn from selling your product). Profit can be represented algebraically by the equations:

Profit=Revenue-Cost
OR
a)Rewrite the formula to solve for C.

b)Suppose your profit for one day is $1,281, and the cost of running the business for the day is $1,463. What is the revenue for that day? Explain your answer.

5.When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5,000. Refer to the table below and answer the questions that follow. Round your answers to the nearest tenth of a percent.

CategoryCostPercentage
Labor$1,835
Materials18%
Rent/utilities25%
Miscellaneous$1,015
Total$5,000100%

a)What percentage of the total monthly budget is spent on labor?

b)What percentage of the total monthly budget is spent on miscellaneous items?

c)How much do materials cost monthly?

d)How much do rent and utilities cost monthly?