Published: May 28, 2020
Last Updated: June 6, 2021
Canadian tax lawyer David Rotfleisch, founder and senior tax lawyer of Rotfleisch & Samulovitch PC, was recently featured in an article published in Canadian-Accountant.com. In this article, he highlighted some of the key points in the Income Tax Act and shared his thoughts on the case of Saini v The Queen. “
Justice Bocock also helpfully summarized the defences/arguments available to those who challenge the net-worth method of assessment. Justice Bocock summarized these as follows: The taxpayer may challenge the need for a net-worth assessment; The methodology used by the CRA can be challenged itself; and The taxpayer may challenge the quantum of the assessment based on prima facie errors, what Justice Bocock calls “Patent Errors.” — Canadian-Accountant.com, “A Fond Look Back at the Last Tax Court of Canada Case”
Check out the full article here.
"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."