Précis: The decision of the Federal Court in Minister of National Revenue v. BP Canada Energy Company (“BP Canada”) is one that is likely to reverberate throughout the corridors of the Canadian business community for a long time. Generally Accepted Accounting Principles (“GAAP”) require that corporations and their subsidiaries document contingent tax liabilities.
MNR v. BP Canada - FC: CRA can go on fishing expeditions for tax Issues ListsREAD MORE »