Veracity Capital Corporation v. M.N.R., 2015 DTC 5136 [at 6421], 2015 BCSC 2278, rev'd 2017 BCCA 3

Case History

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Summaries

Summary Under

investment in LP units with 7.2% return was primarily for tax avoidance reasons/year end selections were avoidance transactions

The following transactions occurred under a KPMG-advised “Quebec Year-end shuffle” or “Q-Yes” plan in order to avoid 90% of the B.C....

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Summary Under

abuse of inter-provincial income allocation formula “designed to prevent both the over-taxation and the under-taxation of income"

The following transactions occurred under a KPMG-advised plan in order to avoid 90% of the B.C. income tax that otherwise would have been payable...

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