Concept

Reassessment Period

Greer – Tax Court of Canada finds a shareholder benefit regarding a transfer to an individual shown on the register as holding one of the 1000 shares | Tax Interpretations / Greer – Tax Court of Canada finds a shareholder benefit regarding a transfer to an individual shown on the register as holding one of the 1000 shares

"The Minister had initially assessed the wrong taxation year of the taxpayer (2006), but later reassessed his 2005 taxation year, the correct year, beyond the normal reassessment period. Spiro J found that this reassessment was not statute-barred under s. 152(4)(a)(i), stating that “[h]is failure to consult a tax professional before filing his 2005 return reflects a lack of reasonable care and was, therefore, negligent.”"

Related Ideas

  • Reassessment RequirementsDeyab v. Canada, 2020 FCA 222 · (2) Gross Negligence Penalties versus Reassessing a Statute-barred Year
  • Tax LiabilityDeyab v. Canada, 2020 FCA 222 · A. Burden of Proof
  • Statute-barred YearsDeyab v. Canada, 2020 FCA 222 · II. Decision of the Tax Court
  • Gross NegligenceDeyab v. Canada, 2020 FCA 222 · (2) Gross Negligence Penalties versus Reassessing a Statute-barred Year
  • Distinct RequirementsDeyab v. Canada, 2020 FCA 222 · (1) The Decisions of this Court and the Tax Court in Lacroix
  • Penalty CautionDeyab v. Canada, 2020 FCA 222 · (4) Should the Assessment of the Gross Negligence Penalties be Confirmed?
  • Burden ProofDeyab v. Canada, 2020 FCA 222 · (2) Gross Negligence Penalties versus Reassessing a Statute-barred Year
  • Lacroix FindingsDeyab v. Canada, 2020 FCA 222 · (1) The Decisions of this Court and the Tax Court in Lacroix
Reassessment Period | Greer – Tax Court of Canada finds a shareholder benefit regarding a transfer to an individual shown on the register as holding one of the 1000 shares | Tax Interpretations | Bifalgorithm | Bifalgorithm