Canada Life Insurance Company of Canada v. Canada (Attorney General), 2018 ONCA 562

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Summaries

Summary Under

a transaction resulting from a tax mistake should not be remedied under the Court’s general equitable jurisdiction

A Canada Life subsidiary (CLICC) clearly intended to realize an accrued loss on its LP interest in a subsidiary partnership by winding it up. This...

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Summary Under

pro-rata winding-up of partnership followed by winding up of one former partner into the other engaged s. 98(5) per CRA

A Canada Life subsidiary (CLICC) had sought to realize an accrued loss on its LP interest in a subsidiary partnership by winding it up. This was...

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