In This Issue:
- More on Rectification in Quebec .. 1
- Tax Treaties
Colombia in Force . . 4
Australia Under Negotiations . .4
- Information Circular IC-100 Now IC12-1 .. 4
- Financial Claim Review Manual .. 5
- IPPs Minimum Withdrawals - Registered Plans Administrators .. 5
- Recent Cases .. 5
Excerpt from More on Rectification in Quebec:
Rectification continues to be a topic of heated debate in Quebec. After a series of decisions by the Court of Appeal last year on the subject, the Quebec Superior Court rendered on June 19, 2012 an important judgment (Mac’s Convenience Stores inc. v. Couche-Tard inc., 2012 QCCS 2745) on a motion for declaratory judgment involving a well-known Canadian company. This case is a reminder that rectification is not always available to correct errors made in the planning of a transaction, even if the unintended tax consequences result in a loss of several million dollars for a taxpayer.
Please see full newsletter below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.