Canadian public companies must disclose contingent tax liabilities after Federal Court’s BP ruling

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Canadian public companies must disclose contingent tax liabilities after Federal Court’s BP ruling

Joe Stanley-Smith
July 08 2015

After a Federal Court of Canada (FCC) ruling, publicly-listed companies could have to disclose technical analyses of their contingent reserves for potential tax liabilities, leading to fears the information could be used by the Canada Revenue Agency (CRA) to challenge businesses’ tax returns.

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Joe Stanley-Smith
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Joe manages ITR’s online and print coverage, and the publication’s events worldwide. He covers a range of tax issues affecting multinational corporations, particularly indirect tax matters and case studies.
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