How to Avoid and Refute CRA Gross Negligence Penalties

Dean Blachford, Tax Litigation Lawyer Alexander Krush, Articling Student What are Gross Negligence Penalties? When the CRA conducts an audit and believes that the taxpayer intentionally under-reported their taxes, they will assess the taxpayer a gross negligence penalty. The financial impact of these penalties can be staggering. For income tax, the gross negligence penalty equals [...]

By |2020-04-09T13:48:56-04:00April 9, 2020|Articles, Dean Blachford, Tax Litigation, Uncategorised|

When Making Business Decisions in Response to COVID-19, Factor in CRA’s Collections Powers

In the midst of the COVID-19 pandemic, business owners are having to make incredibly difficult decisions about how they allocate their precious financial resources. In order that business owners can make informed decisions that are in the best long-term interest of themselves and their families, it is critical that they fully understand the extent of [...]

By |2020-04-01T16:06:54-04:00April 1, 2020|Articles, Dean Blachford, Tax Litigation|