Peter Aprile and Yoni Moussadji bring you Canadian Tax Insights, Season 1 Episode 3, to provide accountants with actionable takeaways (and some free verifiable CPD) related to the tax shelter and promoter definitions in the Income Tax Act.
In S01E03, Peter and Yoni explain how you might create tax shelters if the courts adopt the government's broad interpretation of the tax shelter and promoter definitions. The video is designed to explain how the government's position exposes you to unanticipated consequences including the exposure to promoter penalties.
Enjoy the show!