Words and Phrases - "Quistclose trust"
TCC had jurisdiction to determine that no lender equitable remedy (under Quistclose trust doctrine) attached to leveraged donation advances
In connection with a leveraged donation arrangement, the taxpayers in the lending agreement directed the lender (“Capital”) to deliver the...
Words and PhrasesQuistclose trust
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|Tax Topics - Statutory Interpretation - Interpretation Act - Section 8.1||TCC has jurisdiction to determine existence of equitable remedy||96|
|Tax Topics - General Concepts - Payment & Receipt||funds in leveraged donation scheme essentially advanced by lender directly to charity||108|