Apparently, the Department of Finance and the CRA believe that you can have too much fairness in the tax system. In the 2004 budget, Finance introduced a ten-year limitation period for fairness applications. It appears that the CRA is now adopting a particularly strict interpretation of the rule to deny relief to taxpayers even where the events that form the basis for the fairness request occurred within the limitation period.
Real Estate and Tax
Joe Monaco and I will do a presentation for the Realtors Association of Hamilton-Burlington tomorrow on real estate and tax. You can obtain a copy of our PowerPoint presentation here.