In Dreger et al v the Queen (2020 TCC25), the beneficiaries of an estate bequest appealed assessments for unpaid taxes by the deceased. In this case, the deceased was an annuitant of a life income fund (“LIF”) and prior to his death, he designated to each of his daughters as…
Tag: CRA
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Annulment is one of those antiquated words the whispers “convenience” and “pragmatism”. Failed or incomplete marriage? Divorce not an option? A Church-granted annulment will set both partners free. Annulment is also a term in the Income Tax Act that applies to registered charities and registered amateur athletic associations. It’s rarely used, and…