Administrative Policy
5 October 2012 APFF Roundtable, 2012-0454241C6 F - Double imposition
A, who is indebted to each of CRA and Revenue Quebec (ARQ) for $50,000, transfers $10,000 of property to A's spouse (B) for no consideration. An...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 160 - Subsection 160(2) | ETA s. 325 assessment in same audit is issued after ITA s. 160 to avoid double tax/no priority accorded to ARQ | 185 |
Subsection 325(1)
See Also
White v. The Queen, 2020 TCC 22
The taxpayer’s husband (Mr. White), who had previously been assessed as director of a defunct company for unremitted net GST and source...
Words and Phrases
transfer| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 160 - Subsection 160(1) | deposit by spouse to joint bank account with the taxpayer was not a transfer to her | 145 |
Nelson v. The Queen, 2017 TCC 178 (Informal Procedure)
The taxpayer and her husband were jointly liable under a bank line of credit and credit card. Four transfers of money totaling $143,000 were made...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 160 - Subsection 160(1) | agreement between husband and wife established that joint bank debt was borne on 50-50 basis | 119 |