Gervais Auto Inc. v. Agence du revenu du Québec, 2021 QCCA 459

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Summaries

Summary Under

10% interest rate on unsecured loans from shareholders was not unreasonable

The taxpayer financed its inventory of used automobiles held for resale through unsecured loans of $2 million (for a total of $6 million) from its...

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Summary Under

Court of Appeal free to re-weigh the evidence once the failure of the trial judge to apply onus correctly was established

The taxpayer financed its inventory of used automobiles held for resale through unsecured loans from the family Holdcos that were its...

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Summary Under

interest rate fell within a reasonable range

The taxpayer financed its inventory of used automobiles held for resale through unsecured loans from the family Holdcos that were its...

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