Bryan Walters at Wade Group was kind enough to forward to me a link to the five-page “election letter” that the CRA wants taxpayers to use who are making elections under subsection 56.4(3) of the Income Tax Act.
Here’s a case with some local flavour, of a sort: Dundurn Street Loffts Inc. v. The Queen, 2009 TCC 122.
Sorbara v. Canada (Attorney General), 2008 CanLII 61246 (ON S.C.) is an interesting case about class action proceedings and Tax Court appeals. The moral of the story: the Tax Court has exclusive jurisdiction over tax matters even though it (probably) doesn’t have a class action procedure.
Bill C-10, “An Act to implement certain provisions of the budget tabled in Parliament on January 27, 2009 and related fiscal measures”, has received second reading in the Senate and been referred to committee.
I delivered a paper on the capital gains exemption at the Ontario Bar Association yesterday in Toronto at a conference for estates and trusts lawyers.
