Précis: The appellant corporation ran a flea market and a swingers club. A CRA auditor realized that it reported no cash transactions although he discovered some $38,000 in cash deposits to its bank account. This appeal concerned GST on those cash deposits which CRA took to be additional business income. Those amounts were recorded as payable to its shareholder, Mr. Belangér. Mr. Belangér argued that the source of the deposits was cash that he stored in a safe in his home because he did not trust banks.
9250-9893 Québec Inc. v. R. - TCC: Court rejects evidence of safe full of cashREAD MORE »