Tax motivated transactions are not prohibited
The Supreme Court of Canada has released two cases rejecting the “Reasonable Expectation of Profit” test and confirming that tax motivated transactions are not prohibited.
David J.Rotfleisch, C.A., J.D.
Tax And Business Lawyer,
David J. Rotfleisch, C.A., J.D.
Rotfleisch & Samulovitch Professional Corporation
Barristers & Solicitors
121 Richmond Street West
Suite 803
Toronto, Ontario
M5H 2K1, PH :- 416-367-4222 Fax 416-367-8649
