Watch out tax shelter participants: The CRA may be able to collect 50% of disputed amounts before the courts rule!

Many taxpayers have participated in tax shelters and donation schemes and have filed objections with respect to reassessments issued by the Canada Revenue Agency. Many of these objections are outstanding, and some are already before the courts. Generally when you file a Notice of Objection, the CRA is prevented from initiating legal or collections action […]
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