Client: Warren E.
Issue: Disallowed expenses
CRA had disallowed $200,000 in expenses which triggered an approximate $40,000 tax liability with significant interest and penalties on top.
We took on the case and over a two-year period went through the objection, appeals and tax court process.
The client ended up able to keep all the deductions he had claimed, including trips to Belize and Florida with his wife and children — as well the judge allowed him an increase in the amount of space used in his home for business purposes and he received a $3,500 refund.