Crooks
In Langille v. The Queen, 2009 TCC 139, the taxpayer attempted to claim an ABIL for amounts advanced to a corporation he controlled. The corporation in turn had suffered losses because it had participated in a joint venture that turned out to be a fraud.
Limitation Periods and Collections
In Markevich v. The Queen, 2003 SCC 9, the Supreme Court held that a limitation period applied to prevent the CRA from collecting an old tax debt. The CRA was no different from the rest of us, the Court said: limitation periods exist for good reasons, and the reasons apply to the government as well as those it governs.
Trusts and capital dividends
Is a trust required to file a tax return where the trust’s only ‘income’ is a capital dividend?
Civil penalties
Tax cases of interest
Demand notes
Objections Tips and Tricks
Disposition
An employee of a corporation owns an option to purchase a share in the capital of the corporation. The corporation decides to amend the terms of the option. Does the amendment have any tax consequences? Maybe.