Canada vs Loblaw Financial Holdings Inc., April 2020, Federal Court of Appeal, Case No 2020 FCA 79

In the case of Canadian grocery chain Loblaw, the Canadian Tax Court in 2018 found that using an offshore banking affiliate in a low tax jurisdiction – Barbados – to manage the groups investments did not constitute tax avoidance.

However, the Tax Court’s interpretation of a technical provision in the Canadian legislation had the consequence that Loblaw would nonetheless have to pay $368 million in taxes and penalties.

This decision has now been overturned by the Canadian Court of Appeal where a judgement in favor of Loblaw was delivered.

 

Canada vs Loblaw April 2020 SC

2 comments on Canada vs Loblaw Financial Holdings Inc., April 2020, Federal Court of Appeal, Case No 2020 FCA 79

  1. You can download the pdf’s by clicking the icon in top showing a sheet of paper with an arrow pointing down.

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