This content is from: Canada

Canada’s Morguard ruling may not stop taxpayers putting break fees on capital account

Canadian taxpayers whose business is acquiring companies may still be able to file break fees received under a pre-acquisition agreement on capital account, despite the Federal Court of Appeal’s (FCA) ruling in the Morguard Corporation case last week, according to an adviser.

To access our market-driven intelligence please request a trial here.

Read this article – and more – for a 30 day period.


Are you already an ITR subscriber? Log in here

Instant access to all of our content. Membership Options | 30 Day Trial