Archives - février 2020

• 

  Lin v. The Queen (February 12, 2020 – 2020 CTC 26, Bocock J.).

  27 février 2020 By Bill Innes

  catégories:

  • Bill Innes on Current Tax Cases
  • Corporate Tax
  • Federal Income Tax
  • Personal Tax, Estate & Wealth Planning

  Précis: Mr. Lin was one of two shareholders of a restaurant in Hamilton operating as “Sushi Star” (1647208 Ontario Inc.). The other shareholder of Sushi Star was Mr. Chen. Mr. Chen also was a shareholder of a restaurant in Kitchener operating as “Sushi Stars” (1773548 Ontario Inc.). Mr. Lin was not a shareholder of Sushi Stars. Both restaurants were assessed for unreported sales (Sushi Star – 2009 and 2010; Sushi Stars – 2010 and 2011). Both Mr. Lin and Mr. Chen were assessed shareholder benefits. All of the taxpayers were assessed penalties.
  Lin v. The Queen (February 12, 2020 – 2020 CTC 26, Bocock J.).Plus >
• 

  Singh v. R. – TCC: Tax Court upholds assessments of shareholder appropriations, opens statute-barred years, upholds penalites

  27 février 2020 By Bill Innes

  catégories:

  • Bill Innes on Current Tax Cases
  • Federal Income Tax
  • Personal Tax, Estate & Wealth Planning

  Précis: The taxpayer was assessed unreported income from 2158357 Ontario Inc. in 2009 and 2010. His position was that the amounts were loan repayments and that the years in question were statute-barred. The Tax Court rejected his evidence of loan repayments and sustained the taxes and penalties, opening up the 2009 and 2010 taxation years.
  Singh v. R. – TCC: Tax Court upholds assessments of shareholder appropriations, opens statute-barred years, upholds penalitesPlus >