There are a number of common areas of litigation involving the CRA.Indicate which type of transaction is least likely to be in dispute.
A)Arm's length versus non-arm's length transactions.
B)Capital versus income transactions.
C)Unreported revenues from business transactions.
D)Establishment of fair market value.
E) The deductibility of farm losses against other sources of income.

Question

Quizplus · Accepted Answer

Unreported revenues from business transactions are typically clear-cut cases of non-compliance with tax laws, making them less likely to be disputed compared to other areas that involve more subjective judgment, such as determining fair market value or distinguishing between capital and income transactions.

There Are a Number of Common Areas of Litigation Involving