Melman – Tax Court of Canada faults failure to review a tax return with a low amount payable

An executive received a $15M dividend, deposited $4.7M to mature on the filing due date, did not read his return (omitting the dividend) and promptly redeployed the $4.7M. S. 163(2) applied.

Neal Armstrong. Summary of Melman v. The Queen, 2016 TCC 167 under s. 163(2).