According to the author, Stevens v R, 2026 TCC 76, is an important reminder of the importance of “objective” evidence for a director’s resignation. Having a resignation witnessed, ensuring that the corporation has updated its records and ensuring that the appropriate notice of change is filed with the government are much preferable to a situation where the Court only has the testimony of the taxpayer as evidence for the resignation.
Josiah Edwards Davis ‘“Objective Verification”: TCC’s Guidance on Director Resignations’ Canadian Tax Focus 16:3 (August 2026)
For more cases where the Court rejected taxpayer testimony regarding his or her resignation, and a few where the Court did accept such testimony, click here.
