Can a misrepresentation be found in a tax return?
British Columbia, Canada
The following excerpt is from Inwest Investments Ltd. v. Canada (National Revenue), 2015 BCSC 1375 (CanLII):
A misrepresentation in the tax return itself was also found in Dalphond v. R., 2009 FCA 121. The taxpayer had incorrectly claimed a capital gains deduction for shares which was only available if the corporation was a “Canadian-controlled private corporation”. In fact, the corporation had lost that status and, hence, the deduction was not available.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the test for negligent misrepresentation in the context of a fraudulent misrepresentation? (British Columbia, Canada)
In what circumstances will a lawyer be found guilty of professional misconduct for misrepresentation to a court or regulator? (British Columbia, Canada)
Is an innocent misrepresentation or a negligent misrepresentation? (British Columbia, Canada)
Is there a new trial for the defence in the case of a man who was found not guilty of assault but found guilty of the charge on self-defence? (British Columbia, Canada)
Is there any case law where firearms found pursuant to a search warrant were not found on a teenager on the school grounds? (British Columbia, Canada)
Can an accused be found in possession of all drugs found in a house? (British Columbia, Canada)
What are the requirements for tort liability for misrepresentation in the context of a claim of negligent misrepresentation? (British Columbia, Canada)
What constitutes a fraudulent misrepresentation and a negligent misrepresentation? (British Columbia, Canada)
What constitutes negligent misrepresentation and fraudulent misrepresentation? (British Columbia, Canada)
Does a party who alleges fraudulent misrepresentation have to prove that the misrepresentation is not a "material fact" in order to succeed in their claim? (British Columbia, Canada)
