“Equity has no place here,” held the Supreme Court of Canada in its 8-1 decision in Canada (Attorney General) v Collins Family Trust (Collins), 2022 SCC 26, on June 17. Reversing the decisions of the British Columbia courts...more
6/22/2022
/ Business Assets ,
Canada Revenue Agency (CRA) ,
Creditors ,
Dividends ,
Equity ,
Fair Market Value ,
Family Trusts ,
Holding Companies ,
Income Tax Act ,
Rescission ,
Supreme Court of Canada ,
Tax Liability ,
Tax Planning
The Supreme Court of Canada (SCC) recently rendered its eagerly awaited decision in Canada v Alta Energy Luxembourg S.A.R.L., 2021 SCC 49 (Alta Energy). Six of the nine justices held that the Canadian statutory general...more