Lipson (2009)

Quebec Considers Expanding the General Anti-Avoidance Rule After Lipson v Canada

Following on the heels of last month's Supreme Court of Canada ("SCC") decision in Lipson v Canada, 2009 SCC 3 [Lipson], Quebec's Finance Ministry has announced plans to implement further legislative measures to curb aggressive tax planning. Its Working Paper on Aggressive Tax Planning (Document de consultation des planifications fiscales agressives) can be found here. Among its […]

Beware of Mortgage Tax Deduction Claims: Lipson v Canada

Earlier this month, the Supreme Court of Canada ("SCC") issued a decisive ruling that clarifies once and for all that the interest paid on a mortgage taken out to purchase a principal residence cannot be tax deductible under any circumstances (unless part of the house is used for business purposes.)