Workplace Training for Innovation (WTI) FAQ
Since WTI has been in the media there have been a lot of interest about the program.
This is part of Canada govt.’s action plan to stimulate the economy and increasing the skills of currently employed people. It is funded by our Tax money.
The money is a grant; it means you do not have to pay it back, if you follow the grant guideline.
You must use the fund to train your employees (strictly who are on payroll) or you will have to return it to BC Province.
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Canada Revenue Agency Income Tax: Tax Fraud Tax Payer Tax Rate
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Tax Audit, Here’s How it Works.
An interesting news about income tax audit came to my attention recently.
In Germany, a restaurant operator was flagged for tax audit, because his purchase of supplies did not match with the amount of revenue he was reporting.
The restaurant in a working class neighborhood of Saxony, makes larger than average schnitzels for its customers. Its giant schnitzel servings are very popular with his customers. He serves about 70 dishes a day of this lavish meal.
But according to Tax Auditors, they believe the restaurant sells 200 servings daily, based on the amount of
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Canada Revenue Agency Tax Fraud: Canada CRA Scam Tax Tax Fraud Tax Payer
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