Ottawa’s proposed tax changes and a potential “reasonableness test” has both current and former chief justices as well as respected tax lawyers and accountants warning that the aftermath could lead to even more appeals from taxpayers in court.
The Financial Post quoted Cathie Brayley, who echoed Chief Justice Eugene Rossiter’s remarks that “litigation will ensue” following the proposed changes, and increased appeals and a shortage of resources mean “access is going down and stress is going up”.
Cathie along with our entire tax group have been at the forefront of the federal government’s proposed tax changes since their consultation paper was released in July. Our team continues to track and analyze these potential changes and their effect on Canadian businesses and their shareholders.
For more on our tax group’s work on the proposed changes, click here.