Canada: Tax Court Of Canada Rejects The CRA's Attempt To Apply Gross-Negligence Penalties In Statute-Barred Years: Fuhr, Et Al v The King, 2024 TCC 43 - Rotfleisch & Samulovitch P.C.

Credit: Mondaq- Published 2 weeks ago

Canada's Income Tax Act generally bars the Canada Revenue Agency from reassessing a taxpayer's taxable income or tax payable after the expiry of the "normal reassessment period."