Ridge Run Developments Inc. v. The Queen, 2007 DTC 734, 2007 TCC 68 -- summary under Subparagraph 152(4)(a)(i)

The agent of the taxpayer, who signed its return, did not question why $1.7 million of forgiveness income reported in the financial statements had been deducted in computing income for purposes of the Act. The agent in his evidence had as much as admitted that he was neglectful and careless in not doing so. Accordingly, the subsequent taxation year in which the resulting (incorrectly computed) non-capital loss was deducted was not statute-barred.