Related-Party Contract Disregarded in Valuation of Subsidiary

Business Valuation Update BVLaw
Legal and Court Case Update
February 16, 2006

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Corner Brook Pulp and Paper Limited v The Queen
2006 TCC 70 (CanLI1)
Canada

Summary

In Corner Brook Pulp and Paper Limited v The Queen, 2006 TCC 70 (CanLI1) (decided February 16, 2006), the Tax Court of Canada determined that when computing the fair market value of stock, issued by a wholly owned subsidiary to retire debt owed to its par ...

See Also

Corner Brook Pulp and Paper Limited v The Queen

Full Text of Court Cases
February 16, 2006

In Corner Brook Pulp and Paper Limited v The Queen, 2006 TCC 70 (CanLI1) (decided February 16, 2006), the Tax Court of Canada determined that when computing the fair market value of stock, issued by a wholly owned subsidiary to retire debt owed to its par ...