Archive for Category: Rescission

Rescission for Taxpayers: Canadian Tax Lawyer's Guide

Rescission for Taxpayers: Canadian Tax Lawyer’s Guide

Introduction: What is “Rescission”? Rescission allows for a transaction to be retroactively cancelled, annulled, or set aside in circumstances where there has been a unilateral mistake by parties. In order to qualify for rescission as a remedy, the mistake must have created some injustice for the transacting parties. If...

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