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RRSP Withdrawal Leads to Harsh Tax Penalty
Repeated Failures to Report Lead to Harsh 163(1) Penalty Polubiec Decision Summary The Appellant was reassessed a 163(1) penalty in 2015 in respect of his 2014 taxation year for failing to report income (RRSP withdrawal). The Appellant argued it was a mistake of fact and that he was duly diligent. The Court disagreed and dismissed his appeal. Background The