In Cheema v R, 2024 TCC 81, the Court held that the CRA was entitled to reassess beyond the normal reassessment period where the taxpayer provided no good explanation for a disposition of real property he did not report or…
Negligent misrepresentation
In Goldhar v R, 2023 TCC 30, the CRA alleged that certain transfers had conferred a benefit on the appellant in a total amount of about $5.5 million. The appellant argued that the transfers were inter-corporate loans that had not…
Valuations and the normal reassessment period
In Lauria v R, 2021 TCC 66, the taxpayers used a model from a shareholder agreement to value shares they sold to family trusts although an IPO of the issuer of the shares was imminent. The Court found that the…
Reassessment beyond the normal reassessment period
This article discusses Hansen v R, 2020 TCC 102. In our view, the Hansen decision is consistent with the four-part test established in Aridi v R, 2013 TCC 74. Mr. Hansen was aware that there was a PRE and that…
Taxpayer onus regarding limitation period
In Manna v R, 2019 TCC 70 (informal procedure) the Court held that the taxpayer has the onus to show when a normal reassessment period began if the taxpayer wishes to rely on the expiry of the period as a…
A valuable envelope
S 244(15) of the Income Tax Act (Canada) provides that an assessment is deemed to have been made on the date that it is sent, and the date on which an assessment is sent by first class mail “or its…