At Ummat Tax Law, we contribute tax articles and commentary to the greater tax community in a meaningful way by reviewing and analyzing new rules and case law regularly.
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RECENT TAX ARTICLES
Tax Court Vacates Minister’s Transfer Pricing Assessments
Agracity Ltd. v. HMQ 2020 TCC 91 Summary The Tax Court of Canada (“TCC”) allowed the appeals relating to transfer pricing assessments on the basis that there was no sham and that there was [...]
Supreme Court of Canada Rules on Derivatives & Forward Contracts
Supreme Court of Canada Rules on Losses Stemming from Derivative Contract MacDonald v. Canada 2020 SCC 6 Summary This appeal dealt with what are known as derivative contracts and whether gains and losses from those [...]
GAAR Does not Apply to Tax Plan Involving Loss-Streaming
GAAR DOES NOT APPLY TO SOPHISTICATED TAX PLAN INVOLVING LOSS-STREAMING MMV Capital Partners Inc. v. The Queen 2020 TCC 82 Decision Here Summary The Tax Court of Canada found that the GAAR did not apply [...]
