Archives - décembre 2015

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  Chartrand v. R. - TCC: Gross negligence penalties on fictitious losses - Take #1

  11 décembre 2015 By Bill Innes

  catégories:

  • Bill Innes on Current Tax Cases
  • Federal Income Tax
  • Personal Tax, Estate & Wealth Planning

  Précis: This is another case involving fictitious losses and the group known as Fiscal Abitrators. The sole issue before the Court was the imposition of gross negligence penalties (the federal penalties alone totalled $54,496.62). The Court reviewed the facts including the educational and occupational background of Mr. Chartrand and concluded that the penalties were justified. The appeal was dismissed with costs.
  Chartrand v. R. - TCC: Gross negligence penalties on fictitious losses - Take #1Plus >
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  Spurvey v. R. - TCC: Gross negligence penalties on fictitious losses - Take #2

  10 décembre 2015 By Bill Innes

  catégories:

  • Bill Innes on Current Tax Cases
  • Federal Income Tax
  • Personal Tax, Estate & Wealth Planning

  Précis: This is another decision on fictitious losses released on the same day as the Chartrand decision blogged earlier on this site. In this case the facts were slightly more bizarre. The tax preparers peddling the scheme were only identified by first names and told the Mr. and Mrs. Spurvey that they were entitled to a tax holiday by virtue of a prior constitutional amendment. Again the only issue before the Court was the imposition of penalties.
  Spurvey v. R. - TCC: Gross negligence penalties on fictitious losses - Take #2Plus >