Hougassian v. The Queen, 2007 DTC 823, 2007 TCC 293 -- summary under Subsection 163(2)

By services, 28 November, 2015

The taxpayer, who in his 2000 year had $2 million of employment income and interest income of $276,420 (representing a high interest rate on a large deposit that he had specially negotiated with the bank) showed indifference with respect to compliance with the Act and, therefore, gross negligence, in signing a return which showed only $985 of interest income.

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