Tax

Decisions examine companies’ right not to self-audit

Decisions examine companies’ right not to self-audit

To many observers, the Federal Court’s November 2018 decision in Canada (National Revenue) v. Atlas Tube Canada ULC has tempered the enthusiasm that arose in the business community following the Federal Court of Appeal’s earlier ruling in BP Canada Energy Company v. Canada (National Revenue).

SCC decision liked by lenders

SCC decision liked by lenders

In a decision widely welcomed by lenders, the Supreme Court of Canada has ruled that the bankruptcy of a tax debtor, although subsequent to the repayment of the secured creditor’s debt, terminated secured creditors’ personal liability for deemed trust claims under s. 222 of the Excise Tax Act.

CRA rebuked for ‘fundamental misunderstanding’

CRA rebuked for ‘fundamental misunderstanding’

Should it hold up on appeal, the Tax Court of Canada’s September 2018 decision in Cameco Corporation v. The Queen may stand as one of the most resounding successes taxpayers have experienced to date in transfer pricing disputes with the Canada Revenue Agency.

SCC ruling on common interest privilege welcomed

SCC ruling on common interest privilege welcomed

With its denial of the Crown’s application for leave to appeal in Minister of National Revenue v. Iggillis Holdings Inc., et al., a tax case, the Supreme Court of Canada has restored normalcy to the law regarding common interest privilege, say lawyers.

LawPRO misses out on $83-million exemption

LawPRO misses out on $83-million exemption

LawPRO has missed out on an $83-million windfall after a judge denied the legal indemnity insurer’s claim for tax-exempt status.

Tax law hurts former spouses who share parenting

Tax law hurts former spouses who share parenting

Family lawyers say Canada’s outdated tax laws are penalizing former spouses who enter shared parenting arrangements for the care of their children.