The CRA’s Information Circular IC 76-19R3 sets out its position on the procedures for correcting T2057s (the form used for elections under section 85 of the Income Tax Act (Canada)). In effect, the Circular identifies two types of mistakes.
Tax Court Jurisdiction Again
In a February post, I noted that the Tax Court does not have jurisdiction over an assessment that relates only to Ontario taxes. In Hiscock v. Canada, 2007 FCA 382, the Court held that the Tax Court did have jurisdiction to determine whether a taxpayer was a resident of Nova Scotia.
Legal fees paid to defend against a claim for support
In Melnyk v. The Queen, 2007 TCC 733, and Beauchamp v. The Queen, 2007 TCC 747, the Tax Court refused to allow a taxpayer to deduct legal fees paid to defend against a claim for increased support payments. The Court…
Lawyers!
Subsection 30(2) of the Tax Court of Canada Rules (General Procedure) provides that “where a party to a proceeding is not an individual, that party shall be represented by counsel except with leave of the Court and on any conditions that it may determine.”
Executors’ fees
For quite some time now, the CRA has taken the position that (to quote the Employers’ Guide – Payroll Deductions and Remittances ):
Fees paid to executors or liquidators and administrators are either income from office or employment or business income, depending on whether the executor or administrator acts in this capacity in the regular course of business.
Charities newsletter
Registered Charities Newsletter No. 29 is now available from the CRA website.
Tax-Free Savings Accounts
The CRA has taken to posting answers to frequently-asked questions about government goodies (aka Easter eggs hidden in the Income Tax Act). It has posted a useful guide to the new tax-free savings account proposed in the last budget.
Non-compete case
RCI Environnement Inc.(Centres de Transbordement et de Valorisation Nord-Sud Inc.) c. La Reine, 2007 CCI 647, is an interesting case on non-competes. CCH has translated the decision into English.
Budget Bill II
Ahem. Apparently the text of the budget bill—Bill C-50—has been on the LEGISINFO website for some time. In addition to the text of the Bill, you can find an RSS feed for the Bill’s status at its homepage.
Budget bill
From a Finance press release issued today: The Honourable Jim Flaherty, Minister of Finance, today introduced legislation in the House of Commons to implement key measures from Budget 2008. The bill also includes language to protect the Government’s fiscal plan…