Précis: The taxpayer entered into a settlement agreement with the Crown in the course of a Tax Court appeal. After the settlement agreement was executed the Crown advised the taxpayer that it had concluded that one of the proposed reassessments could not be issued. The taxpayer successfully brought a motion in the Tax Court to allow the appeal. The Crown appealed to the Federal Court of Appeal. The Court of Appeal dismissed the Crown’s appeal with costs to the taxpayer fixed at $15,000 (including disbursements).
Canada v. CBS Canada Holdings Co. – FCA: Crown bound by the terms of settlement agreement it entered into with taxpayerREAD MORE »