Précis: The Tax Court decision in this case was blogged earlier on this site. Mr. Naraine spent 21 years pursuing a remedy against Ford after his employment was terminated. The Tax Court held that the payment he received was taxable either as a retiring allowance or as interest. It also rejected his claim for the deduction of legal fee above the amount of $16,700 allowed by CRA. The Tax Court held that he had not adequately proven such additional legal expenses. Mr. Naraine appealed that finding with respect to legal fees. The Federal Court of Appeal agreed with the Tax Court and dismissed the appeal with costs.
Naraine v. R. - FCA: Taxpayer did not produce evidence of expenses - no reversible errorREAD MORE »