Précis: Mr. Kim claimed business losses in 2009 and 2010 when he did not in fact carry on any business activities and used those losses to attempt to shelter his income from employment with Bombardier in those years and in 2006, 2007 and 2008. As has been the case in all of the reported Fiscal Arbitrators decisions his appeal was dismissed. The Tax Court found that gross negligence penalties were applicable and awarded $5,000 in costs to the Crown.
Kim v. R. – TCC: Another Fiscal Arbitrators appeal dismissed with costs to the CrownREAD MORE »