B.C. Court of Appeal Gives New Life to Post-Fairmont Rectification

Jared Mackey, Derrick Hosanna and Allyson Cairns-Walji authored "B.C. Court of Appeal Gives New Life to Post-Fairmont Rectification" in Bennett Jones on Tax Disputes, Issue 5, published by Thomson Reuters.  In 5551928 Manitoba Ltd v Canada (Attorney General), the B.C. Court of Appeal allowed the rectification of a tax mistake, saving the corporate taxpayer from a punitive 60% tax. The decision highlights the ongoing uncertainty regarding how the narrow test for rectification established by the Supreme Court of Canada in Fairmont Hotels will be applied by Canadian Courts.