Précis: The taxpayer received $119,500 in 2010 in four tranches from his wife’s sister, Yan Siang Yu (who was also his former wife). Yan Siang Yu had a large tax debt arising from a net worth assessment of a marijuana grow operation at a Vancouver house on West 53rd Avenue owned by her. The taxpayer argued that the money was placed by his mother-in-law, Jiao Zhen Huang, with his sister-in-law, Yan Siang Yu, for the benefit of his wife and their son when his mother-in-law sold her house on West 46th Avenue in Vancouver.
Yu v. R. - TCC: Funds transferred by wife’s sister (and taxpayer’s former wife) not trust funds - subsection 160(1) appliedREAD MORE »