Précis: This appeal was one of a group of tax cases involving so-called leveraged donations, i.e., donations funded in part by loans from promoters. In the notices of appeal Mr. French and the other appellants argued that they should be at least entitled to the portion of the donation made with their own cash. They argued that since partial gifts are permissible under the laws of Quebec taxpayers in other provinces and territories should be entitled to the same relief. The Crown succeeded before the Tax Court in having this pleading struck. Mr. French and the others appealed to the Federal Court of Appeal.
French v. R. - FCA: Partial gifts may be possible in leveraged donation situationREAD MORE »