Tag Archives: Canada Revenue Agency
Federal memo estimates more than $176M of Atlantic lobster catch unreported, untaxed
The federal Department of Fisheries and Oceans suspects hundreds of millions of dollars’ worth of lobster is caught in Atlantic Canadian waters each year but never reported to authorities, raising both tax evasion and conservation implications in the country’s largest fishery. An internal memo in August to DFO’s deputy minister said it’s estimated that between 10 and 30 per cent of lobster landings in the region are unreported, and the department said in a statement it is working to map out criminal networks and money laundering in the sector. “It’s mind-boggling,” said Osborne Burke, the president of the Nova Scotia Seafood Alliance, which represents about 150 lobster buyers and processors and has urged a crackdown on unreported cash sales. more, >>CLICK TO READ<< 06:44
Canada demands $25M in COVID relief assistance back from thousands of fishers
The federal government is demanding 4,193 Canadian fishers repay $25.8 million in COVID-19 relief assistance paid out in 2020 under the Fish Harvester Benefit and Grant Program,,, DFO said many harvesters were ineligible because they were regular wage-earning employees rather than self-employed sharepersons, as required under program rules. Travis Nickerson of Clarks Harbour, N.S., received an overpayment letter. “It’s a mess,” said Nickerson, a lobster boat crewman. “They gave me something when I really needed it, and now they want it back.” >click to read< 10:40
Fisheries policy will destroy the industry it set out to protect – Preserving the Independence of the Inshore Fleet in Canada’s Atlantic Fisheries
The plan was to prevent “corporations” from owning harvesting licences. Much to the surprise of the Department of Fisheries and Oceans and Canada Revenue Agency, most of the individual fishermen holding licences had already incorporated and took the revenue through a business while the licence was held by an individual. A blind eye here, a pen stroke there and the past was forgotten and the first concessions made — some corporations could hold licences. “One boat, one licence” is an idealistic perspective of fairness and independence. Fleet separation was to establish the rule that fishermen fish, and processors process. It is also one blurred by more concessions. continued
N.S. First Nation wins tax exemption on fishing income
The Canadian Press – ESKASONI, N.S. A Nova Scotia First Nation says a move by the Canada Revenue Agency to exempt tax on income earned from fisheries signals a step toward the recognition of aboriginal rights. continued
