Sample practical insight: Directors' Personal Liability
Only available on the Tax Disputes & Resolution Centre on Taxnet Pro
Directors of corporations are exposed to a
variety of forms of personal liability for
corporate taxes, including, most commonly,
corporate deductions and withholdings for
employee income tax, corporate EI and CPP
source deductions, and GST remittances. This
Practical Insight by Karen D. Stilwell, Partner
at Connors Stilwell, reviews the legislation and
case law that imposes personal liability for
corporate taxes on directors and examines the
conditions and criteria that must be met before
a director becomes personally liable.
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