Foster v. The Queen, 2016 DTC 1010 [at 2562], 2015 TCC 334 -- attach -- Rectification & Rescission
consequential reassessment permitted under s. 152(5)
Rectification & Rescission
Jeff Oldewening, Rachel A. Gold, Chris Sheridan, "Statutory Ratification", Canadian Tax Journal, (2016) 64:1, 293-325 -- attach -- Rectification & Rescission
Winclare Management Services Ltd v. Canada (Attorney General), 2009 CanLII 18234 (Ont SC) -- attach -- Rectification & Rescission
unopposed application to reduce capital dividend to CDA balance
Shafron v. KRG Insurance Brokers (Western) Inc., [2009] 1 S.C.R. 15 -- attach -- Rectification & Rescission
no prior oral agreement
Baytex Energy Ltd v Canada (Attorney General), 2015 DTC 5057 [at 5807], 2015 ABQB 278 (CanLII) -- attach -- Rectification & Rescission
rectification allowed retroactive to 1 January 2007 despite inconsistency with 2008 amendments
Non Corp Holdings Corp. v. Canada (Attorney General), 2016 ONSC 2737 -- attach -- Rectification & Rescission
date of capital dividend declaration rectified to eliminate Part III tax
Canadian Forest Navigation Co. Ltd. v. The Queen, 2016 TCC 43, rev'd 2017 FCA 39 -- attach -- Rectification & Rescission
foreign rectification orders are not binding on the Tax Court (but can be given weight)
Rectification & Rescission - Commentary
Retraoctive effect
Birch Hill Equity Partners Management Inc. v Rogers Communications Inc., 2015 ONSC 7189 -- attach -- Rectification & Rescission
stock option deduction was peripheral to the larger share sale transaction
Prowting 1968 Trustee One Limited v. Amos-Yeo, [2015] EWHC 2480 (Ch) -- attach -- Rectification & Rescission
number of transferred shares rectified to access capital gains incentive
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