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Thread: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

  1. #11

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    I enjoy watching Moaner1 make a fool out of himself as much as anyone.

    But let's not be too distracted by these false accusations and off-topic debates about the Jumpstart charity itself.

    The main point is that Canadian Tire is pulling a fast one by asking Canadians to donate to a charity (doesn't matter which one!), than claiming the tax credit as their own.

    Oh, and then announcing to the world how generous they are ... With someone else's money!

    It's the dishonesty of the whole thing that I find upsetting.

    (Although that MoneySense article ranking the different charities was VERY interesting!)

  2. #12

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    <sigh>

    Mornings just aren't as fun anymore, without that kick-start of hilarity, from the demented ramblings of our beloved mascot, Moaner1 ...
    Last edited by CT Challenger; May 30th, 2012 at 10:49 AM.

  3. #13
    Senior Member CTH8R's Avatar
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    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    I suppose Jumpstart does some good things, but clearly there's a conflict of interest when a CT store owner makes financial decisions on behalf of the CT Jumpstart charity.

    As a charity, but they should choose their tax receipt policy based on what's fair to the donors, and to encourage as many donations as they can.

    However, when Jumpstart sets a higher limit for issuing tax receipts, then the Stores can claim a higher tax credit for themselves, using the customer-donated money.

    Letting a store owner decide when Jumpstart gives customers a tax receipts, means letting the store owner decide when their store gets to claim a tax receipt.

    It comes down to this decision: "Gee, should I let the customer claim this tax credit, or should I claim it for myself, and gain a financial advantage?"

    Makes me wonder how many store owners are on the board of Jumpstart, and facing this conflict of interest ...
    Last edited by CTH8R; May 31st, 2012 at 05:28 AM.

  4. #14

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    I've done the tuition transfer, too.

    I've had students transfer their tuition receipts to me, which gives me a bigger tax refund than they would have gotten, if they'd claimed it themselves.

    But I didn't just keep the extra money! I gave the extra back to the students (who really are entitled to it, I believe).

    Now, if the CT Owners were REALLY interested in helping the charity, they'd give their extra tax credit money right back to Jumpstart, instead of just keeping it for themselves.

    That's second-best to giving the tax credit to the people who deserve it: the generous Canadian donors.

  5. #15

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    Where is your information coming from in terms of owners and jumpstart and tax receipts?

    Owners do not make ANY decisions in regards to JumpStart. We do not choose which local kids recieve the funds, in fact we don't even get to see who gets them, that information is private. Secondly we do not claim any customer donations on our books. We are simply the collection agent, through whatever events are hosted, and the donation boxes located in our store. We bundle the funds and simply get it into the hands of JUmpStart. They dole out the funds, they issue the tax receipts, THEY are the charity. I'm a for profit retail business. I'm not getting any extra tax credits on behalf of JUmpStart LOL that's ridiculous

    Now what's this about tuition transfer for students? sure hope those students are your kids or grandkids or you just committed tax fraud

  6. #16
    Senior Member CTH8R's Avatar
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    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    Woo-hoo!

    Look who's back for another round of humiliation!

    Hilarious!

    Quote Originally Posted by Owner 1 View Post
    Owners do not make ANY decisions in regards to JumpStart.
    Really?

    You are absolutely sure about that, are you?

    Have you even bothered to see who's on the board?

    http://jumpstart.canadiantire.ca/CFF...A_Annual_E.pdf

    One dealer after another!

    LMAO!!

    And try to guess which major CT shareholder is the "chairMAN"?

    Quote Originally Posted by Owner 1 View Post
    tax fraud
    What is it with Moaner and their hysterics about "fraud"?

    A guilty conscience, perhaps?

    LMFAO!

    Thanks, Moaner! You brightened my rainy morning!

    (Which, by the way, I spent out in the rain collecting donations for breast cancer research. Gee, maybe I should follow the CT Way, and donate it all under my own name! And steal everybody's tax credit? Nah, I'd NEVER stoop as low as the Crappy Owners!)

  7. #17

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    OK, it usually takes a while to wade through all the Crap posted by The Moaner.

    So let's get started with the next round: the distractions.

    Instead of addressing the topic at hand, The Moaner likes to make up new claims, then vigorously deny them, as if somebody else had actually said these thing.

    (This fantasy about "you said Jumpstart is a scam" is typical.)

    Sure, it sounds like a denial, and it serves keeps the focus off of the scam Crappy Tire pulls on consumers. But it's all just a bunch of B.S.

    Quote Originally Posted by Owner 1 View Post
    We do not choose which local kids recieve the funds, in fact we don't even get to see who gets them, that information is private.
    Intesting idea. But irrelevant, even if it turns out to be true.

    Quote Originally Posted by Owner 1 View Post
    They dole out the funds, they issue the tax receipts, THEY are the charity. I'm a for profit retail business.
    Actually, I'm pretty sure that's true. But who cares? It's irrelevant, and nobody said otherwise.

    Quote Originally Posted by Owner 1 View Post
    I'm not getting any extra tax credits on behalf of JUmpStart LOL that's ridiculous
    Yup, it sure is ridiculous! But again, nobody said they got "tax credits on behald of JUmpStart".

    No, we said they get RECEIPTS FROM Jumpstart, on BEHALF of consumers!

    Quote Originally Posted by Owner 1 View Post
    sure hope those students are your kids or grandkids or you just committed tax fraud
    Actually, they can also be step-kids. But hey, nobody would every accuse The Moaner of being a tax expert! Obvously!

    More on their other stupid statements, soon.
    Last edited by CT Challenger; June 1st, 2012 at 05:54 PM.

  8. #18

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    A rainly Friday night is a good chance to catch up on some unsued humiliation opportunities with The Moaner.

    Over in the Lies thread (how appropriate!), The Moaner posted the following absurdities:

    Quote Originally Posted by Owner 1 View Post
    Unless you annual income is $350.00 a $2 donation would not give you a tax break.
    I think The Moaner meant $35,000. Let's give him/her the benefit of the doubt, shall we?

    CRA themselves have a very different way of calculating tax credits, which is not so kind to The Moaner.

    See this link for an estimate:

    CRA - Donations and donors - Tax savings - Charitable donation tax credit estimator

    You can see for yourself that even a $1 donation has an estimated tax credit of $0.20 (i.e. 20%).

    The exact amount depends on your province and other details of your tax situation - that's why it's an estimate.

    But, you know what? I've still got TurboTax installed from the spring. So, I thought I'd do some sample calculations.

    If you had no other deductions, and only straight employment income, would you get a refund for a donation of $1? $2? And does income matter? What about Moaner's magic $35,000?

    Well, here's what I found out:

    A donation of as little as $5 will give you a tax credit of about $1, whether you earned $20,000 or $50,000

    So, this theory that "Unless you annual income is $350.00 a $2 donation would not give you a tax break"? Completely incorrect, and highly misleading.

    The interesting thing was the upper limit: the more you make, the more you can deduct. Someone earning only $20,000 will 'max out' at a donation of $4,300. But someone pulling in $50,000 will see a benefit for every dollar they donate, up to about $24,000.

    Bottom line:

    Every dollar matters, whether you only make $20,0000, or you make $50,0000.


    Oh, and one other thing:

    Even if you CAN'T use the tax credit, that doesn't mean The Crappy People are entitled to take if from you!

    Just because I'm unable to drive for while, does that make it OK for someone to steal my car?? Of course not!

    It's all just an excuse for the Crappy Owner, to make cheating you sound like it's not so bad!

    Don't be fooled! They just want to scam you out of your tax credit! You've been warned!
    Last edited by CT Challenger; June 1st, 2012 at 08:28 PM.

  9. #19

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    Wow, that's awesome!

    Thanks for checking into that for us - I bet Mr Owner 1 feels pretty stupid right now, LOL!

  10. #20

    Re: Canadian Tire Cheats Generous Canadians Who Donate to Charities (Jumpstart)

    Here's something else the Crappy Owners don't want you to know about, and kind of kills their flimsy "you can't use it anyway" argument.

    CRA allows you to carry forward charitable donations for FIVE YEARS.

    So even if you gave only $1 a year, and it wouldn't help you THAT YEAR, you could just hold onto all five of your $1 receipts, and submit all five in THE SAME YEAR.

    This gets even better, though.

    The credit on the first $200 is at a low rate, but the credit on the SECOND $200 is at an even higher rate - often twice as much! So, it pays to save up a couple of year's worth of donations, and claim them all in the same year.

    And the amounts after $1000 are at a higher rate still, so this can really pay off.

    It's a bit different in each province, so here are the exact percentages:

    TaxTips.ca - Donations Tax Credit Rates for 2011

    Of course, there are other factors, like your net income, etc. But it can all add up!

    Don't forget: it's your donation, and it's your tax credit! Don't let the deceitfull Owners claim YOUR tax credit as their own!

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