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Loblaw Financial Holdings: Court of Appeal Clarifies the Foreign Bank Exception in the FAPI Rules

On April 23, 2020, the Federal Court of Appeal (FCA) allowed the taxpayer’s appeal of the Tax Court of Canada (Tax Court) decision in Loblaw Financial Holdings Inc. v. The Queen. The case involved almost C$475-million of...more

5/1/2020  /  Canada , Income Taxes , Tax Court
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