CRA Section 160: How to fight a Section 160 Assessment
CRA Section 160: Liable for Their Taxes
Section 160 of the Income Tax Act and section 325 of the Excise Tax Act are often used by the Canada Revenue Agency to affix liability for tax to recipients of transfers from persons with tax debts. Accordingly, if someone transfers something of value to you, while they...
Dividends and Section 160/325 Liability
What is a Dividend?
Section 160 and 325 Assessments
For the purposes of section 160 of the Income Tax Act and 325 of the Excise Tax Act, payments of dividends to shareholders of a corporation are not considered to be reimbursement for services rendered to the corporation. Therefore, dividend...