In a recent case, the Federal Court of Appeal was asked to consider the adequacy of the reasons for judgment delivered by the Tax Court in an income tax appeal (SRI Homes Inc. v The Queen, 2012 FCA 208). The…
In opera circles, they say the performance isn’t over until the fat lady sings. When she does rev up for the final aria, we know the show is coming to a close. I was reminded of this in an odd…
When a taxpayer transfers appreciated property to a corporation under the rollover provisions of section 85 of the Act, an election form (T2057) is filed in which the parties set out the fair market value of the property and an…