Section 160 Liability for Indirect Transfers

In Panneton c. R, 2024 CCI 24, the tax debtor husband caused corporations that he owned to pay for renovations on the wife’s residence. The Court held that the payments constituted indirect transfers from the husband to the wife that were caught by section 160 of the Income Tax Act (Canada). Summarized in Tax Topics no. 2076 (June 4, 2026).