Crime and (No) Punishment: Julie Guindon v. Her Majesty The Queen
Some time ago I posted the fascinating case involving the Third Part Civil Penalty. This review is from CCH’s Financial Planning Newsletter. The Court found that the penalty imposed under section 163.2 of the Act is a criminal penalty, not a civil one ...
Planning To Avoid Withholding Obligations on Tips
Recently CRA conducted a project looking at the reporting of tip income by servers at four restaurants in Southern Ontario. The project is purported to have uncovered $1.7 million in unreported tips. CRA is now reviewing the results to consider their next steps. Most service staff ...
Charities and Giving — What's new
A best practice we should all follow is making sure our applications to CRA are full and complete. But what happens when they are not? The Application review process web page for charities has been updated to reflect new procedures ...
THE GAAR SAGA
With the appearance of the Supreme Court decision in Canada With the appearance of the Supreme Court decision in Canada Trustco Mortgage Co. v. The Queen, 2005 DTC 5523, the rules for the application of the General Anti-Avoidance Rule (“GAAR”) were clarified, and the courts have subsequently treated the law relating to these rules as well settled ...
2011 Ontario Superior Court Ruling on Powers of Executor and Estate Trustee
In this 2011 Ontario Superior Court decision, numerous rulings were given with regard to the validity of an ambiguous gift via the will, trustee compensation, and other matters. This document is a must read for any professional involved with estate administration involving charitable gifts.