Précis: Ms. To was assessed for unreported income for the period 2006-2009 based on cash seized in the course of a raid at her home. The cash, roughly, $65,000, was, on her evidence, mostly her savings since the time of her marriage and $4,400 US which belonged to her mother. The Court rejected her evidence entirely. Nevertheless the Crown conceded at trial that there was no unreported income in the years 2006-2008. Gross negligence penalties were deleted for all taxation years also on a concession from the Crown. The Crown also agreed to a reduction of the unreported income in 2009.
To v. R. - TCC: Taxpayer assessed for unreported income - appeal dismissedREAD MORE »