HELP WANTED!

For a person looking for a job "Help Wanted" is a welcome sign.

For a weary charity worker the same sign may be just a bit too much.

For the average person, content with the status quo, the sign is of no interest whatsoever.

For a person in a precarious situation the sign is a call for help. The greater the threat to the person in trouble -- the more urgent the need for immediate assistance becomes.

The source of the assistance depends greatly upon the skills and resources required to provide help needed. A fallen mountain climber, for example, may require another person with mountain climbing skills to get them out of their life threatening situation.

Others may be more than willing to give of their time and money to assist the victim but these resources are useless in this specific situation.

Well:- It has come to our attention (that) there is a significant number of Canadians who are victims of an unfair tax system -- specifically those persons who were induced to participate in their employer's shares options plans .

Are these persons victims of the Canadain tax system or are they in difficulty due to their own fault(s).

While a very few may be the authors of their own misfortune -- by far the largest number are victims of a booby trap constructed by the classification of shares obtained, via the options plans, as a "Taxable Benefit" -- even when no benefit was realized.

Huge taxes were imposed on gains that were only a theoretical possibility. These victims were encouraged to participate in their employer's options plans in order to assist their employer to have their shares trade in larger volume and have money come back into the business where all should benefit.

Many victims were left financially destitute and oweing the Canada Revenue Agency more money than they ever obtained from shares and employment income combined.

Do they deserve help? -- Yes they do and there are many people qualified to provide the necessary assistance.

In order of responsibility here are the people and agencies most able and responsible to provide the needed assistance.

1. The Government of Canada -- Should level the playing field by passing legislation to remove all items of intangible value -- such as shares and stock options -- from the "Taxable Benefits" classification. This should be done retroactively and allow all victims of present and past taxation on phantom gains to resubmit their tax returns on the basis of "Capital Gains" not "Taxable Benefits".

2. The voters of Canada -- who have the power to tell all candidates for Federal Office in Canada that they will not get their support unless they commit to providing "REAL -- FAIR TAXATION" in Canada.

3. All other Victims of the "Taxable Benefits" rip-off. Send me an account of your experience with Revenue Canada, or any other agency, and tell me if you would like to have your story posted on this blog page as "A Letter to the Editor". (anonmously if you prefer.)



Read the "Letter to the Editor" already posted on this web page and realize that so long as one Canadian is victimized in this way -- no one is safe -- not even you.

Respond to the "HELP WANTED" Sign that this letter conveys -- it won't cost even the price of a stamp -- and every Canadian will benefit.

Victor Drummond

PS:- If you would like to contribute your comment(s) but do not wish to register on this blog page then send me an email and tell me if you want to have your remarks posted on this blog page and whether or not you prefer to have your identity kept secret.

E-mail vic.drummond@sympatico.ca