Too many people are lured by the promise of gifts for giving. Here is the latest release from Canada Revenue Agency
Our View, as published in the Toronto Sun, November 04, 2012
An Independent View
Ted Wernham, a former member of city council, is a wealth coach who provides
financial and income management advice, including how to save taxes. He operates
Wernham Wealth Management in Byron, Ont.
He declined to comment on any particular tax shelter.
"We don't participate in these schemes," Wernham said. "In fact, we warn
people about these schemes."
The Canada Revenue Agency decision to audit participants in them "is
righteous and valid."
"The old story about something too good to be true usually is," Wernham said.
"If the motivation is greed, rather than good, it is probably bad."
He said he worries about the effect on legitimate, long-standing charitable
organizations such as Foundation London, the Salvation Army and the Poppy
"People shouldn't think that charity has become a bad word."