Tax Alert Archives November 2012

Taxpayers Strikeout on GAAR Trilogy

The Federal Court of Appeal (“FCA”) released three decisions in late October involving “paper losses” and the general anti-avoidance rule (“GAAR”).  In each case, the taxpayer incurred a loss as a result of a series of transactions that was said…

Prepared by: Jeanne Chiang

Jeanne is an associate in the firm’s Toronto office. Her practice centers on domestic tax planning for owner-managers, professional corporations, trusts and estates, and high-net worth individuals. She also advises clients on tax disputes with the Canada Revenue Agency. Jeanne… more »