Category Archives: Uncategorized

How Richard Wojcik’s Tax Relief Could Be Enough Consolation

Richard Wojcik’s woes with buying a funeral parlor in Manitoba should net him some tax relief from the Canadian government. After all, his efforts appeared earnest when he tried to buy a pre-owned business that turns out to have a can of worms or is it a Pandora’s box of one controversy after another?

Richard Wojcik’s remarks that he didn’t want to drag the small town of Beausejour into more scandals demonstrate his desire to avoid glaring media attention to the risks of owning a funeral home. Obviously, Richard Wojcik’s instincts as a businessman didn’t work for him well when he initially sized up the potential as well as the prospects of adding the business to his portfolio. The federal government should be sensitive to issues such as Richard Wojcik’s because sooner or later, every entrepreneur, no matter how seasoned are bound to end up in a quagmire of legal mumbo-jumbo.

Bailing out entrepreneurs who are the engines of economic growth should, in fact, be a first priority for the Canadian revenue agency. As it sits right now, Richard Wojcik’s troubles can be alleviated by a provision in the tax code that considers business losses as credits towards lowering an entrepreneur’s tax obligations. Specifically, Richard Wojcik’s difficulties since acquiring Russell Funeral Homes in 2009 can draw comfort from the so-called ABL provision in the local Canadian tax code.

Accordingly, Richard Wojcik’s income declaration may be lessened by as much as half of his business losses for the given year. This redounds significantly into paying 50% less tax than he would have to shell out without the loss. What more, Richard Wojcik’s income tax situation gives him the flexibility to defer the tax credit three years backward or ten years forward.

After a decade, whatever is left over from Richard Wojcik’s losses gets reclassified as a valid capital loss. So the moral of the story is that business losses don’t always end up a tragedy. In fact, it could be a fairytale ending if Richard Wojcik’s tax clerk knows how to exploit the tax provision to the hilt.

Legal Protection Barriers That Prevent Empowerment Of Women

Several efforts to empower women have met a counter attack from constitutions that create a legal barrier to the initiative. Women continue to remain unequal with men and boys. Despite a past Beijing conference that had an objective to give rise to gender equality, women still remain less vocal in several countries.

Lack of protection

Despite the constitutional regard to equal treatment of women, the law lacks protection clauses that enforce the right. Women continue to face discrimination in work places due to lack of a guaranteeing constitutional protection. This barrier makes women to participate partially in the economy of the affected countries.

Lack of Explicit Gender Equality

Some countries such as Australia lack an explicit gender equality enforcement clause in their constitution. America offers a general guarantee, but it does not address specifically to women. Notable among the oversight in the constitutions is the elevation of religious or customary regulations above constitution. Such an oversight makes women vulnerable to barriers that limit their empowerment.

Lack of implementation

A gap exists between the constitutional rights and their implementation. It means that a constitution can have protection regulations that empower women, but its enforcers can lax on implementing the regulations. This situation leaves women voiceless in a society that arms them with a voice.

Lack of protection in politics

Some countries have a legislation that places a quota on women representation. However, the actual number of sitting female politicians is still less that the one that the constitution of those countries stipulates. It shows that there is laxity in observing totality in the implementation of legislation.

Lack of Protection against Discrimination at Work

The number of constitutions that enforce equal pay against equal work outwits the ones that enforce non-discrimination of women in workplaces. It means that there is suppression of women rights in work places, and it emanates from the realm of the regulations. The regulations give matters that affect men and boys in work places an upper hand than the ones that affect women.

Selective Application of the regulations

In the US, women do not have a constitutional right on paid maternity leave even though some companies grant women that right. The same applies to paid paternity leave for fathers. Whilst it is an enforceable right in other countries, there is an oversight in the US regulations. The oversight translates into a sparing application of regulations in the global realm.

Lack of Reliable Data

Globally, there is lack of reliable data on barriers that limits the empowerment of women from the perspective of the constitution. This limitation makes it difficult for the world to see how women are vulnerable in the eyes of the regulations. Additionally, lack of the data makes it impossible to measure the effectiveness of the regulations in empowering women.

 

There is a need to enforce legal protection regulations that empower women. Constitutions need to have adjustments that inscribe the protections. Importantly, constitutions should create enforcement agencies that enforce law that empowers women.