Tax Memo: New Supreme Court Ruling on GAAR — Reflections on the Lipson Case
View this page in: FrançaisThe Supreme Court of Canada released its long-awaited decision in Jordan B. Lipson, Earl Lipson v. The Queen on January 8, 2009. A majority of the Court decided that the general anti-avoidance rule in section 245 of the Income Tax Act applied to deny an interest deduction on a loan used indirectly to purchase a home.
Read this Tax Memo to learn PwC's analysis of the decision.
  |
Tax Memo: New Supreme Court Ruling on GAAR — Reflections on the Lipson Case (99 KB) Download the full PDF. |
Contact
Related Services
Of Further Interest
- Tax Memo: Important Supreme Court Ruling on GAAR — Highlights
Email to a colleague
Print-friendly version