Précis: The appellant’s spouse, Matthew Juba, died in 2007. Some time prior to his death he had designated the appellant as the sole beneficiary of his RRSPs and, as a result, she received roughly $305,000 after his death from the RRSPs. At the date of his death Mr. Juba owed roughly $55,000 in income tax for his 2006 taxation year. CRA assessed Ms. Kuchta pursuant to subsection 160(1) of the Income Tax Act (the “Act”) in respect of the transfer from the RRSPs.
Kuchta v. R. - TCC: Subsection 160(1) extends to RRSP designationsREAD MORE »