Precedent Setting Net Worth and Penalty Assessment Case
Howard Alpert, C.S. successfully defended a taxpayer against both a Net Worth Assessment and a Penalty Assessment in a precedent-setting Tax Court of Canada case by a variety of methods, including an innovative mental illness defence, a rebuttal of Statistics Canada data relied on by CRA, gifts and an inheritance. To read a summary of this Tax Court decision in Cox v. The Queen, click here.
There are several additional types of defences that Our Team has effectively used to help our clients in many difficult Penalty Assessment cases. To access Part 2 of our recent Legal Business Report which deals with these defences and discusses the most recent cases in this area, click here.
Alpert Law Firm are the Tax Law Professionals, with over 40 years’ experience in winning leading cases and a reputation for getting excellent results for our clients. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Taxation Law.Vivian Xu, B.A. J.D. is an associate lawyer specializing in tax dispute resolution and tax litigation services. Our Team has a reputation for resolving tax disputes and for getting excellent results for our clients in a cost-effective manner, whether through negotiating timely and reasonable settlements with the CRA or by vigorous representation in court. For more information on our Tax Litigation Services, click here.
Tax Treatment of Associated Corporations
Where two or more Canadian Controlled Private Corporations are associated with each other in a taxation year, the $500,000 annual business limit of active business income eligible to be taxed at a lower rate must be allocated between them. To access our most recent Legal Business Report dealing with this complex topic, click here.
Our Team has extensive experience in Tax and Estate Planning and can assist you in achieving the best results for your clients when implementing a corporate reorganization in a cost-effective manner.
Wealth Preservation Strategies
Asset protection planning often involves the creation of holding companies, a corporate reorganization and the implementation of an estate freeze. Such planning regularly requires the preparation of wills, trusts, powers of attorney, living wills and property transfers. Howard Alpert, C.S. is certified by the Law Society as a Specialist in Taxation Law and as a Specialist in Corporate and Commercial Law. Howard is also recognized as an expert in Estates and Trusts Law. Our Team provides tax planning and corporate advice to develop plans that reduce and defer tax, preserve value and maintain the financial well-being of heirs. For more information on our Wealth Preservation services, click here.