Précis: This is an appeal of a decision blogged earlier on this site where Justice Gagné of the Federal Court dismissed two judicial review applications asking for interest on funds received pursuant to the operation of the Syncrude Remission Order. The decision involves the rather novel proposition of the applicants that they were entitled to interest on the funds remitted on the remission order by analogy to tax overpayments under the Income Tax Act. The Federal Court of Appeal upheld the earlier decision holding that the remission order had nothing to do with tax payable and did not engage the refund interest mechanism under the Income Tax Act. Both appeals were dismissed with costs.
Imperial Oil v. R. - FCA: Taxpayer not entitled to interest refund through the judicial review processREAD MORE »