Précis: The taxpayer, Lyrtech RD Inc. (“RD”), was formed in 2005 to carry on the SRED work previously carried on by Lyrtech Inc. (“Lyrtech”), a public corporation. RD was controlled by a trust (“FFL”) which was created by a subsidiary of Lyrtech.
Lyrtech RD Inc. v. R. – FCA: Taxpayer controlled de facto by a public corporation was not a CCPCREAD MORE »