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Taxation - PROVINCIAL AND TERRITORIAL TAXATION - Ontario - Income tax - Administration and enforcement

Thursday, November 24, 2016 @ 7:00 PM  

Appeals by two trust entities from assessment of provincial taxes as residents of Ontario. The appellants were two family trust entities assessed provincial taxes for various taxation years between 2006 and 2009. The family trust was settled in Ontario and the spousal trust was settled in Alberta. The family companies were incorporated in Ontario. In 2005, the family trust borrowed money from a family company and invested the proceeds in a securities portfolio. The borrowing was repaid using a dividend declared by one of the family...