Précis: Mr. Brassard’s brother transferred a piece of land with a mobile home to him at a time when he had tax arrears. CRA assessed Mr. Brassard roughly $66,000 as the value of the property less what he had paid for it (which CRA assumed was $50,000). Mr. Brassard lost in the Tax Court and appealed to the Federal Court of Appeal. Mr. Brassard essentially argued that CRA’s valuation of the property was incorrect and attempted to rely upon other evidence of value. The Court of Appeal held that there was no reversible error on the evidence and dismissed the appeal with costs.
Brassard v. R. – FCA: Court of Appeal declines to set aside subsection 160(1) assessmentREAD MORE »