Published: March 12, 2020
Last Updated: March 16, 2020
Tax motivated transactions are not prohibited
The Supreme Court of Canada has released two cases rejecting the “Reasonable Expectation of Profit” test and confirming that tax motivated transactions are not prohibited.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."