The Tax Court of Canada case of JUANITA MARIANO vs. HER MAJESTY THE QUEEN 2009-3506(IT)G was decided against the taxpayers who invested in a donation tax shelter on the basis that there was no donative intent in making the donation. GLGI participants should seek legal tax advice to deal with CRA.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
