Précis: Mr. Owda was an older man who drove taxi in the evenings for a few hours. CRA issued net worth reassessments for unreported income in each of 2011, 2012 and 2013 ($42,470 (2011), $29,203 (2012) and $5,333 (2013)). The Court allowed most of the CRA reassessments after making adjustments for family gifts but vacated the gross negligence penalties since “circumstances are not sufficiently extreme to justify these onerous penalties” [Para. ]. There was no order as to costs since success was divided.
Owda v. R. – TCC: Gross negligence penalties vacated on net worth reassessments of elderly cab driverREAD MORE »