The appellant appealed a reassessment for her 2014 taxation year that included an unreported capital gain from the sale of a vacant lot and imposed a gross negligence penalty.
The appellant argued the lot was part of her principal residence.
The Tax Court of Canada found that the appellant did not own a housing unit at the time she owned and sold the vacant lot, so it could not qualify as a principal residence.
The Court also upheld the gross negligence penalty, finding the appellant was wilfully blind in not consulting her accountant about the tax treatment of the sale.
The appeal was dismissed without costs.
