Can I sponsor my parents?

[ccccjl]

Hi Everyone,

I want to apply sponsorship for my parents but I realized my 2016 income is below requirements for 6000. (2015 and 2017 are fine). I went a 2 months leave in 2016, so my income was less than other years.
I am thinking of adjusting 2016 tax return to add additional $6000 under self-employed income. This may take at least 2 weeks to complete. Would CIC be concerned seeing my NOA being adjusted after I applied the sponsorship? Can you please give me some suggestions?
Really appciated!! Thank you.

 

[Rob_TO]

Hi Everyone,

I want to apply sponsorship for my parents but I realized my 2016 income is below requirements for 6000. (2015 and 2017 are fine). I went a 2 months leave in 2016, so my income was less than other years.
I am thinking of adjusting 2016 tax return to add additional $6000 under self-employed income. This may take at least 2 weeks to complete. Would CIC be concerned seeing my NOA being adjusted after I applied the sponsorship? Can you please give me some suggestions?
Really appciated!! Thank you.

So are you saying you want to commit tax fraud?

 

[scylla]

Hi Everyone,

I want to apply sponsorship for my parents but I realized my 2016 income is below requirements for 6000. (2015 and 2017 are fine). I went a 2 months leave in 2016, so my income was less than other years.
I am thinking of adjusting 2016 tax return to add additional $6000 under self-employed income. This may take at least 2 weeks to complete. Would CIC be concerned seeing my NOA being adjusted after I applied the sponsorship? Can you please give me some suggestions?
Really appciated!! Thank you.

CRA is the one that might be concerned. I personally wouldn't mess with them - but it's your life.

Might take a number of months to make this change. Adding self-employment income could trigger a CRA investigation (including a review of your previous years' historical returns). If the self-employed income is real - go ahead - but expect CRA to look for that self-employed income in returns going forward.. If the income isn't real - committing fraud is going to create bigger problems than it solves.

 

[ccccjl]

CRA is the one that might be concerned. I personally wouldn't mess with them - but it's your life.

Might take a number of months to make this change. Adding self-employment income could trigger a CRA investigation (including a review of your previous years' historical returns). If the self-employed income is real - go ahead - but expect CRA to look for that self-employed income in returns going forward.. If the income isn't real - committing fraud is going to create bigger problems than it solves.

Thank you for your quick response. It's real but all in cash. Do you know how CRA gonna check if it's cash?

 

[Rob_TO]

Thank you for your quick response. It's real but all in cash. Do you know how CRA gonna check if it's cash?

As mentioned above, expect the possibility of a CRA investigation and/or lifestyle audit over your previous tax returns, and possibly on ones going forward.

It sounds like you committed tax fraud in the past by not declaring your income received in cash. And most likely the amount of cash income you didn't claim in 2016 is not magically the exact amount you need to qualify for parents sponsorship, there is probably more cash income you are not claiming here.

 

[ccccjl]

As mentioned above, expect the possibility of a CRA investigation and/or lifestyle audit over your previous tax returns, and possibly on ones going forward.

It sounds like you committed tax fraud in the past by not declaring your income received in cash. And most likely the amount of cash income you didn't claim in 2016 is not magically the exact amount you need to qualify for parents sponsorship, there is probably more cash income you are not claiming here.

This is not true. I pay tax for what I have to pay. I'm just curious of the process and what I need to prepare. You are just trying to claim I'm doing fraud but you are not to help or giving my any suggestions.

 

[Miraclejj]

Thank you for your quick response. It's real but all in cash. Do you know how CRA gonna check if it's cash?

Oh, trust me, CRA has means and ways to audit you and find out your cash income. And trust me, you don't want to be a target of CRA, they can make your life really miserable. Don't ask me how I know it, one thing for sure is that I believe CRA is equivalent as IRS of USA, and in US, you can mess with all other agencies, but definitely not IRS.

 

[Miraclejj]

This is not true. I pay tax for what I have to pay. I'm just curious of the process and what I need to prepare. You are just trying to claim I'm doing fraud but you are not to help or giving my any suggestions.

So, you are saying you paid all the tax on your cash incomes? If not, then you did evade your Tax.

 

[ccccjl]

Oh, trust me, CRA has means and ways to audit you and find out your cash income. And trust me, you don't want to be a target of CRA, they can make your life really miserable. Don't ask me how I know it, one thing for sure is that I believe CRA is equivalent as IRS of USA, and in US, you can mess with all other agencies, but definitely not IRS.

Thank you for your response.

 

[Rob_TO]

This is not true. I pay tax for what I have to pay. I'm just curious of the process and what I need to prepare. You are just trying to claim I'm doing fraud but you are not to help or giving my any suggestions.

Ok, so you "forgot" to pay tax on $6000 cash income in 2016, miraculously the exact specific amount that would qualify you for parents sponsorship this year?

Not sure what you call not paying tax on cash income in previous tax years, but in all Canadian rules the term is "fraud".

Good luck with everything.

 

[Wonderland_1010]

As someone who deals with CRA many of times, for one thing sending a T1 adjustment doesn't take weeks to process, it will take months. Also for people who claims self employed income especially for those claim as self employed for the first time, CRA always ask for more information before they process your tax return. So unless you don't want CRA asking questions that you can't provide answer too, like the other forum posters have said, don't lie to CRA.

 

[canuck_in_uk]

This is not true. I pay tax for what I have to pay. I'm just curious of the process and what I need to prepare. You are just trying to claim I'm doing fraud but you are not to help or giving my any suggestions.

If you "paid tax for what you have to pay", you wouldn't have undeclared income...

Either you committed tax fraud or you are planning to.

 

[ccccjl]

As someone who deals with CRA many of times, for one thing sending a T1 adjustment doesn't take weeks to process, it will take months. Also for people who claims self employed income especially for those claim as self employed for the first time, CRA always ask for more information before they process your tax return. So unless you don't want CRA asking questions that you can't provide answer too, like the other forum posters have said, don't lie to CRA.

Yes, I think after I adjust the self-employment part I still have a gap to apply. So I will wait then. Thank you.

 

[noscaf2014]

One last word for you:
You failed to outsmart 4-5 regular people on a public forum to believe that you made an honest mistake which if corrected everything will fall in place for the benefit of your sponsorship application. This may show you that that you will never be able to get away with this plan to outsmart CRA (and IRCC) with all the capabilities they have. Good Luck!