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Old 12-16-2009, 11:42 AM   #7
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by VladtheImpaler View Post
I believe there was a Federal Court decision in favour of Revenue that ruled this a transparent tax avoidance maneuver, but I'll wait for a specialist to weigh in...
That decision (I'm assuming that you're talking about Lipton from the Spring?) was much more convoluted. IIRC those people were buying and selling shares in their own business to avoid paying tax.

The one thing that stems from Lipton though is the allowance of writing off interest on investment loans. In other words, that is supported by this decision.
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