$1,000 Fines for Minor Mistakes Canada’s New National Penalty Scale скачать в хорошем качестве

$1,000 Fines for Minor Mistakes Canada’s New National Penalty Scale

Are you worried about a surprise letter from the CRA? Lately, social media has been flooded with scary headlines about a "New National Penalty Scale" and $1,000 fines for simple typos on OAS and CPP forms. In this video, Christine (Senior Pension Analyst) breaks down the legal reality behind these rumors. We separate the fear from the facts to ensure your retirement benefits remain protected. What we cover in this video: ✅ The $1,000 Rule Explained: Why this threshold is actually tied to tax instalments, not typos. ✅ "Knowingly" vs. "Administrative Error": The legal distinction that protects you from honest mistakes. ✅ GIS & RRSP Traps: Why a simple savings withdrawal could trigger a massive overpayment debt. ✅ The Robert & Margaret Case Studies: Real-world examples of how foreign pensions and RRSPs impact your checks. ✅ 5 Action Steps: How to audit your own income and communicate with the CRA to avoid penalties. Timestamps: 0:00 – Introduction: The CRA Letter Fear 1:45 – The "New National Penalty Scale" Explained 3:30 – Where the $1,000 Figure Actually Comes From 5:15 – Late Filing vs. Repeated Failure to Report 7:00 – Who is Most at Risk? (GIS & High Income) 9:45 – Real-Life Stories: Margaret & Robert 12:30 – 5 Practical Steps to Stay Safe 14:50 – Summary: Don't Panic, Get Informed Official Resources: 🔗 CRA Interest & Penalties: https://www.canada.ca/en/revenue-agen... 🔗 OAS Recovery Tax (Clawback) Rules: https://www.canada.ca/en/services/ben... Disclaimer: This video is for educational purposes only. Always consult with a certified tax professional or Service Canada before making significant financial decisions.