Tax Court holds GST not payable on certain special mutual fund trust distributions

In the recent decision in Invesco Canada Ltd. v. Canada (2014 TCC 375), the Tax Court of Canada held that certain management fee reductions paid on a monthly or quarterly basis by way of special distributions from various mutual fund trusts were not subject to GST. A copy of the court’s decision is available here.

Prepared by: Rebecca Potter

Rebecca Potter is a partner practicing in the firm’s Toronto office. Rebecca’s practice focuses on all aspects of taxpayer representation and tax litigation and also includes tax planning for not-for-profit organizations, and charities. She has appeared before the Tax Court… more »