From question 7 of the 2015 APFF roundtable: if Mr X’s estate claims the capital gain exemption in his terminal return in respect of a gain realized on his deemed disposition of Opco shares, then the resulting addition to the…
Spouses as directors
Apparently, somebody thought it would be a good idea to appoint a spouse as a director of a corporation in whose business she was not involved in order to insulate her husband, the true directing mind of the business, from…
Consent steeplechase
Craig Burley reports on the latest from the CRA about authorizations. Apparently Tax Centres are no longer processing faxed authorization forms. Update December 19, 2014. I spoke to an Appeals officer today who said that I couldn’t fax an authorization…