Canadian Western Trust Company as Trustee of the Fareed Ahamed TFSA, 2023 TCC 17
| Jurisdiction | Federal Jurisdiction (Canada) |
| Court | Tax Court (Canada) |
| Date | 06 February 2023 |
| Citation | 2023 TCC 17 |
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3 practice notes
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More CRA Audits & TFSA Tax Disputes: Insights From Ahamed v HMK
...dismiss Ahamed's appeal, with costs. An update will be provided when the FCA releases its decision. References 1 Ahamed v. The King, 2023 TCC 17 2 Ibid. at para 3 Ibid at para 76. 4Ibid at para 92. The content of this article is intended to provide a general guide to the subject matter. Spe......
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When A Tax-Free Savings Account (TFSA) Is A Business & Stripped Of Tax Benefits: A Case Comment On Ahamed v The King, 2023 TCC 17
...stock trading are business activity which render the income from those sources taxable in the TFSA. The case of Ahamed v The King, 2023 TCC 17 ("Ahamed") demonstrates the potential risks in how excessive trading activity may deprive a Canadian taxpayer of the tax benefits a TFSA can offer. ......
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Fareed Ahamed TFSA v. The King, 2023 TCC 177
...Curtis-Micallef Deputy Attorney General of Canada Ottawa, Canada [1] The Court’s decision is reported at 2023 TCC 17 as Canadian Western Trust Company v The King. It is under appeal to the Federal Court of Appeal as file A-69-23. [2] The Respondent requested 35% ......
2 firm's commentaries
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More CRA Audits & TFSA Tax Disputes: Insights From Ahamed v HMK
...dismiss Ahamed's appeal, with costs. An update will be provided when the FCA releases its decision. References 1 Ahamed v. The King, 2023 TCC 17 2 Ibid. at para 3 Ibid at para 76. 4Ibid at para 92. The content of this article is intended to provide a general guide to the subject matter. Spe......
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When A Tax-Free Savings Account (TFSA) Is A Business & Stripped Of Tax Benefits: A Case Comment On Ahamed v The King, 2023 TCC 17
...stock trading are business activity which render the income from those sources taxable in the TFSA. The case of Ahamed v The King, 2023 TCC 17 ("Ahamed") demonstrates the potential risks in how excessive trading activity may deprive a Canadian taxpayer of the tax benefits a TFSA can offer. ......