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Wow, you really are kind of a jerk, eh?

Anyways, you don't seem to understand very much about CRA, tax filing, or bankruptcy. To elaborate on your questions about the process of declaring...

And it is illegal for a member of the Chippewas of Rama First Nation to gamble at Rama - that's pretty standard across the board. Gaming establishments are equalizers economically - the flows are...

How do you think you would find out if their deemed assessment is correct?

1. CRA is *not* an ordinary creditor; they have extraordinary powers far beyond other unsecured creditors.

2. You are focusing on the wrong things. If you declare bankruptcy, you will be required...

OK, let me put this another way: in order to proceed with a bankruptcy, you will be required to file a "pre-bankruptcy" return and a bankruptcy return.
...

You can't bankrupt your way out of unpaid taxes, so if your only debt is tax debt, don't declare bankruptcy.

It sounds as though you are dealing with deemed taxes because you still haven't filed....

Indeed; I meant my attempt, to join your attempt. :)

Strong wiggling throughout the house (I'm working at home); my chair was moving around as if we were at sea.

Someone on my FB posted, "was that an earthquake or just Rob Ford falling flat on his...

The Gawker article on which the Star article is based is (probably) a better read: http://gawker.com/for-sale-a-video-of-toronto-mayor-rob-ford-smoking-cra-507736569 (it's certainly more definitive...

Now that I have posted the underlying math, here is a longer, better explanation of what's involved in calculating XIRR (not the mechanics but the rationale):
...

Math of XIRR: http://www.ipcc.ca/files/rate_of_return/XIRR_ROR.pdf

(just a random link that includes the underlying equation)

Internal rates of return that incorporate cashflows are tedious to...

(posting on my way to the airport)

XIRR = dollar-weighted return = it accounts for every dollar invested

Modified Dietz (what I posted; you don't need to understand it to use it) =...

Thanks, E12. I didn't really probe her on what was going on - I probably should have asked more.

Thanks so much for all the replies. I'm on the road and trying (for my friend's sake) to respond quickly, but have been in meetings etc. for a few days with no time.

I interpreted her email as...

I got this email from a friend who is looking for advice/help/recourse with a banking situation. Here's the situation:

[Spouse] and I feel like we got fleeced by our Bank. Our Bank Rep sold us a...