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Supreme Court of Canada applies GAAR in Deans Knight

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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…

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