Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Canada Tax Body Reviewing Cases After Losing Cameco Dispute

May 5, 2021, 10:40 PM

Canada’s tax authority is reviewing ongoing cases in light of losing an intercompany pricing case against uranium miner Cameco Corp., an official said Wednesday.

The Federal Court of Appeal ruling last June could limit the scenarios where Sections 247( b) and (d) of the Income Tax Act, known as the recharacterization rules, apply, according to Nicolas Bilodeau, manager at the Canada Revenue Agency’s income tax rulings directorate, international division.

  • The agency will continue to apply the rules where appropriate, Bilodeau said at the International Fiscal Association’s Canada Tax Conference. The Supreme Court of Canada in February rejected the agency’s ...