The taxpayer, which made a voluntary disclosure in respect of its failure to report large corporations tax liabilities and its improper claiming of small business deductions, could be reassessed beyond the normal reassessment period. These errors were attributable, at least in part, to the taxpayer's accountant not having any knowledge of Part I.3 tax, and Bowie, J. quoted with approval (at para. 13 from Snowball v. The Queen, 97 DTC 512) that "negligence in the preparation of an income tax return retains its consequences under subparagraph 152(4)(a)(i) whether it is the negligence of the taxpayer personally or that of the accountant ...".
Topics and taglines
Tagline
responsibility for accountant's ignorance of Part I.3 tax
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
334536
Extra import data
{
"field_legacy_header": "<a id=\"CollegePark\"></a><strong><em>College Park Motors Ltd. v. The Queen</em></strong>, 2009 DTC 1469, 2009 TCC 409 <strong>[responsibility for accountant's ignorance of Part I.3 tax]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}
"field_legacy_header": "<a id=\"CollegePark\"></a><strong><em>College Park Motors Ltd. v. The Queen</em></strong>, 2009 DTC 1469, 2009 TCC 409 <strong>[responsibility for accountant's ignorance of Part I.3 tax]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}