Partial Indemnity Cost Award to Taxpayer Who Was Partly Successful in Valuation Case

In Grimes v. The Queen, the Tax Court of Canada recently awarded costs above the Tariff to a taxpayer who was partly successful in an appeal turning on the determination of the fair market value of shares, and ordered that the taxpayer was entitled to a lump sum amount of $52,000 (amounting to approximately 25% of solicitor‑client costs), plus 100% of the disbursements incurred by the taxpayer (which included expert fees of $62,570.46).

Prepared by: Florence Sauve

Florence Sauve is a partner in the Toronto office of Thorsteinssons LLP. Florence’s practice focuses on all aspects of taxpayer representation and tax litigation and also includes personal and corporate tax planning.  She assists her clients in managing and resolving… more »