Legal win in tax case settles debate over whether widows fall under the definition of ‘spouse’
The case hinged on a small provision in the Income Tax Act, Section 160, which says that if an individual transfers property ...
Widow to keep $100K from late husband's RRSP after court victory against Canada Revenue Agency
An Alberta widow will be allowed to keep tens of thousands of dollars her late husband left to her in retirement savings ...
JD Supra6d
Tax Court of Canada Denies GST/HST Input Tax Credit Claims in Connection with a Settlement Payment
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Court decision in case of widow RRSP beneficiary highlights importance of reviewing designations
A recent ruling shouldn’t necessarily lead clients to name their spouse as beneficiary of their registered plans ...
Liberal capital gains tax changes challenged in court
The Canadian Taxpayer’s Federation has filed an application for a judicial review of the Liberal government’s changes to the ...
The Hockey News28d
The Impact Of John Tavares' CRA Case On Canadian NHL Teams And Taxes
KPMG lawyer Mark Feigenbaum In January of 2024, Tavares’ representatives filed an appeal of the reassessment with the Tax Court of Canada. The attorney general of Canada issued a reply last May ...
UK Supreme Court Nixes Tax on Loan Payments to Canadian Bank
The Royal Bank of Canada won’t owe the UK corporation taxes toward payments it received on a North Sea oil production, the ...
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CRA appeals former Blue Jays' court win in multi-million-dollar tax battle
For example, the taxable portion in Canada of Martin’s US$20-million salary in 2017 was US$7 million in CRA’s view, but US$5.5 million in the players’ view. Last month, Gagnon found that CRA ...