July 3, 2017 - You Have No Income

We have been taught to use terms day-to-day which have specific means which, if understood, are wrongly used. "Income" is one of those terms.

What is "income"?

Income. A word having different meanings, depending upon the connection which it is used and the results intended to be accomplished... For tax purposes, the gain derived from capital, from labour, or from both combined..., including profit gained through a sale or conversion of capital assets... Ballentine's Law Dictionary, 3rd Ed.

Any legal term which has different meanings is always suspect of having been convoluted in order to defraud.

In a simplified definition, "income" refers to monies that "come in," i.e. without the expenditure of energy or labour.

A man/woman always expends energy and barters that expenditure of energy for money—simply an exchange, value for value. They give $20 worth of labour/skills for an agreed $20 in money. There is, inherent in this process, no gain—nothing is taxable.

A corporation, as a legal fiction, a name on a piece of paper, can expend no energy. It is employment of men/women and their labour that enable monies to "come in" to it, some of which is redirected to those men/women. What remains is gain—and taxable.

What this government has done is to create a corporation, named it JOHN DAVID JONES, i.e. your name styled in capital letters, and then left it with you— deceived you—into believing that you were that name/entity. 

When you were employed it was actually the name and number of the corporation JOHN DAVID JONES that is listed as the employee. Check "your" pay cheques. 

JOHN DAVID JONES is a legal "person," a corporation:

person, or any word or expression descriptive of a person, includes [means or is limited to] a corporation; Interpretation Act

An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year. Income Tax Act

It is JOHN DAVID JONES who receives the taxable "income" and gain—which equates to the total "income" minus the deductions (expenses).

The deductions are what is considered "wages" for John David Jones, all he needs or is permitted to keep, to live on. These costs/expenses are what a corporation incurs in the care and feeding of a man/woman.

 In Oliver v. Halstead, 86 S.E. Rep 2nd 85e9 (1955) we read:
"There is a clear distinction between `profit' and `wages', or a compensation for labor. Compensation for labor (wages) cannot be regarded as profit within the meaning of the law. The word `profit', as ordinarily used, means the gain made upon any business or investment -- a different thing altogether from the mere compensation for labor."

If these seems to you like something akin to slavery you may be right. What will you do about it?

Use what you read here as a part of your research to establish your understanding.
Your actions remain your responsibility.
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