Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department. Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
1992 Canadian Tax Foundation Conference
Author: Peter Dunn November 25, 1992
Straddles
Question 14
How does Revenue Canada propose to dispose of pending cases involving commodity straddles in light of the decision in the Friedberg case?
Answer 14
The Supreme Court of Canada has recently agreed to hear the Minister's appeal from the judgment of the Federal Court of Appeal in this case. Accordingly, any notices of objection involving commodity straddles will continue to be held in abeyance pending the decision of the Court which will be considered in relation to the facts of each particular case under notice of objection. In the interim, the Department also intends to continue its current assessing practice with respect to these transactions.
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