Lipson (2008)

The Uncertain Demise of the Duke of Westminster: A Comment on Lipson v Canada

My colleague Julian Ho has already provided a succinct summary of last Thursday's Supreme Court decision in Lipson v Canada, 2009 SCC 1 [Lipson], so today I thought I'd comment briefly on the general anti-avoidance rule (GAAR) and the Court's adoption of a purposive approach in determining whether a transaction or series of transaction is abusive. […]

Use of Income Tax Act’s General Anti-Avoidance Rule No Clearer after Lipson

Yesterday, the SCC released their first decision of the new year – a decision which may have broad implications on the tax planning of many Canadians. The case, Lipson v Canada, 2009 SCC 1, deals with the legality of a set of transactions which culminated in the deduction of mortgage loan interest payments for personal […]