Recent case law has given rise to some uncertainty regarding the circumstances in which interest expense is deductible. This presentation by Chris Falk will review that recent case law and the new Folio setting out CRA’s administrative position, and will provide thoughts as to how best to deal with the current uncertainty.
Chris Falk , partner at McCarthy Tétrault, practices in income tax matters principally in the corporate commercial area. He represents clients in respect of tax planning regarding corporate reorganizations and other commercial transactions, tax aspects of securities transactions, outstanding and proposed assessments, and other tax-related matters.