Notice to all Applicants for Extension of Time:
The greater majority of Applications for Extension of Time heard in October, November and December of 2017 have been dismissed. Participants captured by the dismissal are obligated to arrange payment with the CRA. You should use this time to negotiate the best payment schedule and arrangement possible.
If applicable, you will be added to the list of participants who would share in the compensation awarded (if successful) in the claim against the attorney engaged to file the Appeals.
The warranty will NOT apply to those whose Application has been dismissed.
The informal hearings are scheduled to commence in March. You will receive a notice from the Tax Court if you are one of these appeals. If you receive a notice you will be required to attend the court. You will be contacted by a PAC rep in order to prepare you for the hearing. Please fax or email PAC if you do not hear from a rep prior to March 8, 2018.
The general hearings have identified test cases in an attempt to establish precedents. At present the process is in the Examination and Discovery stage. Updates will be provided on this site as they become available. It is suggested that you check the website on a monthly basis.
Please DO NOT call the office for updates or questions, simply fax or email questions or concerns and they will be dealt with on a priority basis. All of the enquiries are important to us, as such they will all be addressed. We thank you for your patience in advance and appreciate your cooperation.
TAXPAYER LOSES IN COURT TO CRA's FAIR
MARKET VALUE CHALLENGE
Since your participation in either the CLI
(Canadian Literacy Initiatives) or ICC (Initiatives Canada Corporation) Gift in
Kind Donation Programs you should be aware that the courts in 2004 & 2005
have ruled in favour of a CRA fair market value challenge and against the
taxpayer. As well, CRA is aggressively attacking all Tax Donation Programs.
RECENT COURT RULINGS
- Nash Quinn & Tolley v. Queen - Taxpayer
Loses in Federal Court of Appeal
- Klotz v. Queen - Taxpayer Loses in Federal
Court of Appeal
TAXPAYERS HAVE TO PAY BACK ADDITIONAL TAXES AND
INTEREST TO CRA
- Initial Call for Capital
- Defence Fund
- Current Status
- Amendments to the Warranty
- CRA is aggressively attacking all Tax Donation
- What Do I Do When I Get the Following Letters From
- (Questionnaires / Proposals / Reassessments /
- Will This Be Reassessed?
- Will This Go To Court?
- Will The Defenses Fund Be Enough?
- A Warranty Program has been implemented for all
Participants of the CLI / ICC Donation Program for 2001, 2002 & 2003
To help you eliminate the potential financial hardship
that a successful fair market value challenge by CRA would cause you and your
family, ICC and CLI are excited and pleased to announce the availability of a
Fair Market Value Warranty Protection Program. This Warranty Protection Program
covers all the property donated to the All Saints Greek Orthodox Church through
the ICC or CLI Donation Programs for the years 2001, 2002 &
By becoming a participant in the Warranty Protection Program
- You will not have to pay any additional taxes,
penalties and interest as a result of a reassessment based on a fair market
value challenge by CRA.
- You will never have to be called upon to give more
money towards the defense fund.
TAKE ADVANTAGE OF A RETROACTIVE WARRANTY PROGRAM
TO HELP OFFSET POTENTIAL LOSSES TO CRA
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