Supreme Court of Canada applies GAAR in Deans Knight

13 June 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Canada

The Supreme Court of Canada has held that a corporate taxpayer structured a series of transactions in a manner that was abusive to certain provisions of the Income Tax Act.
Although the law has changed since the transactions at issue were carried out, the Court's reasoning nonetheless remains relevant.
This Alert summarizes the progression of the case through the courts and offers insights.

On 26 May 2023, the Supreme Court of Canada (SCC) dismissed the taxpayer's appeal in Deans Knight Income Corp…

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