Tax

Gimme Shelter Fallback Image Decorative pattern

Tax News

Gimme Shelter

(February 2007) Just over a year after the release of the Federal Court of Appeal’s now-infamous trio of decisions involving donation tax shelters, Nash, Tolley and Quinn (see Advisor’s Edge Report, “Gift Low No-No,” December 2005), the Canada Revenue Agency has attacked and won yet another case (McPherson v The Queen, 2006 TCC 648) involving […]

February 16, 2007

3 min read

Gimme Shelter Fallback Image Decorative pattern

Tax News

Gimme Shelter

(February 2007) Just over a year after the release of the Federal Court of Appeal’s now-infamous trio of decisions involving donation tax shelters, Nash, Tolley and Quinn, the Canada Revenue Agency has attacked and won yet another case (McPherson v The Queen, 2006 TCC 648) involving a donation scheme with a 75% “kickback” feature. Grant […]

February 1, 2007

3 min read

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Tax News

Prompt payment penalty

(January 2007) Can the Canada Revenue Agency’s discretion be held to task if it’s not exercised reasonably? That was the subject in a case (McNaught Pontiac Buick Cadillac Ltd. v. Canada, 2006 FC 1296) decided in October when a taxpayer asked for a judicial review of the CRA’s decision to deny his fairness request for […]

January 3, 2007

3 min read

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Tax News

Tax Break: Perk quirk

(December 2006) A new job is often accompanied with a number of decisions relating to the benefits package. And not surprisingly it’s the flashy ones, like company cars and club memberships that get the most attention. So when your clients ask for guidance, bring them down to earth. First, point out the value of employment […]

By Gena Katz |December 6, 2006

3 min read