In canada is anyone aware of a tax saving scheme where?

one gives the investment company 2500 and the investment company gives a receipt for 10, 000 , to claim against income tax. They say you can specify which charity it will go to. Does anyone know about this???????

This kind of tax scams comes up periodcially cheating the ignorant investors/taxapyers. This scheme reminds me of a tax accountant some years back who was penalised by the CRA for writing phoney charity receipts for his clients who
were subject to taxes.

You can kiss the $2500 goodbye and the $10,000 receipt does not worth the paper it is printed on. I bet that the charity would not get the $10,000 from you or the investment company and therefore you will not entitle to the $10,000 donation deduction.

Your attempt to deduct the $10000 will be denied by the CRA, resulting in back taxes and interest to you. The investment company may be penalised for selling a fraudulent tax shelter possibly without a tax shelter registration and number.

sounds like an illegal tax shelter that will get you fined and penalized, possibly with criminal charges brought against you, then you'd be out the $2500, plus the illegal tax you saved, plus penalties and interest

That is a scam. There is no legal way to do that, it is an illegal maneuver that, as the previous person said, will have you out your money, your tax refund, PLUS probably criminal charges.

A couple of friends of mine got into one of these a few years back against advice not to. They have not been charged criminally but the penalties and interest have now increased above what they received as refunds. They have both had to remortgage there houses to pay it off

Avoid these things, they are nothing but trouble

This is a scam. If you think yu are going to outwit the Canadian Government - forget it. keep your money in your pocket!