Canada: Tax Court of Canada

Tax Court of Canada: The Canada Revenue Agency argued that Black was a Canadian resident during the time when the income and benefits were accrued, and thus should pay taxes on all worldwide income and benefits, not just those originating in Canada. The Tax Court of Canada agreed with that position in a judgment issued last week, according to The Star. I have determined that he was a resident of Canada in 2002 for the purposes of the act and, as such, liable for tax on his world income, wrote Chief Justice Gerald J. Rip in his judgment and Conrad Black must pay the Canadian government back taxes on $5.1 million in income and taxable benefits accrued in 2002, a court has ruled. The bill will include nearly $1.4 million in benefits from the use of an airplane which Hollinger International Inc. had access to and $90,000 worth of security for his Bridle Path home in Toronto. He will be asked to pay income tax on nearly $2.9 million of income from work performed outside of Canada. Black has already paid tax on $808,000 of reported income related to work performed in Canada, his lawyer told in 2013. (www.immigrantscanada.com). As reported in the news.