Plains Midstream Canada ULC v. Canada, 2019 FCA 57 -- summary under Paragraph 20(1)(c)
interest by its nature is symmetrical
As part of a complex set of transactions, a predecessor of the taxpayer agreed to assume a $225M loan that was due in perhaps 43-years’ time and...
Words and Phrases
interest| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 16 - Subsection 16(1) | s. 16(1) can only apply to a debtor if it equally applies to the creditor | 398 |