The SCC has granted leave in Deans Knight

Leave for appeal to the Supreme Court has been granted in Deans Knight, which decided that the object, spirit and purpose of s. 111(5) is to restrict the tax losses of a corporation if a person acquires “actual control over the corporation’s actions, whether by way of de jure control or otherwise [emphasis added].”

Neal Armstrong. Summary of Canada v. Deans Knight Income Corporation, 2021 FCA 160 under s. 245(4).