Questions? Call 416-367-4222

The Tax Court of Canada decided in the case of JACQUES MARCHESSAULT v. HER MAJESTY THE QUEEN that the Canadian income tax liability on income earned during the year prior to the making of a proposal under the Bankruptcy and Insolvency Act is subject to the terms of the proposal and the income tax would therefore not have to be fully paid.

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."

Get your CRA tax issue solved


Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Bankruptcy & Income Tax Liability
CRBA Audit Services: Canadian Tax Lawyer's Tax Guidance
CEBA Audit Services: Canadian Tax Lawyer’s Tax Guidance
EWS & CRA's Tax Audit: Canadian Tax Lawyer's Tax Guidance
CEWS & CRA’s Tax Audit: Canadian Tax Lawyer’s Tax Guidance
Search Warrants & Seizures for CRA Tax Investigations
Search Warrants & Seizures for CRA Tax Investigations
Judicial Review of CRA’s Decisions: Canadian Tax Lawyer’s Guide
Taxation of Housing Loans
Court Allowed the Taxpayer to Deduct Salary to Children
Disputes Regarding Whether Source Deductions were Withheld on Behalf of a Taxpayer
Acquitted For Due Diligence