DECEASED RRSP TRANSFER TO SPOUSE: ESTATE TAX NOT AVOIDED ON A TECHNICALITY

Tuesday, March 24th, 2015

A couple of years ago, a fellow blogger wrote about the tax reporting and liability technicalities surrounding the transfer of RRSP’s on death to a spouse. As he wrote, the general rule is that upon death, the annuitant is deemed to have received the fair market value of the assets in ...

The CRA and Service Complaints

Thursday, March 5th, 2015

Recently, I was asked to intervene on behalf on a taxpayer who appeared to be given a pretty rough ride by the Canada Revenue Agency (“CRA”). He and his incorporated business were audited by CRA. The auditor concluded (erroneously as it turns out subsequently) that there were unreported sales and ...

Divisional Court Guidance on “Proper Support”

Thursday, February 26th, 2015

Bonnie and Danny had a 12 year common law relationship. In a modern twist on the typical fact scenario, Bonnie was the older, successful business woman and Danny was the younger man who left his job at Bonnie’s car dealership to look after things at home. At trial, Justice Greer ...