Monday, March 2nd1.8°C
25327
22952

Conrad Black files notice of appeal on tax ruling relating to taxes from 2002

TORONTO - Conrad Black is appealing a federal Tax Court judgment that deemed him to be a Canadian resident in 2002 and said he owed taxes for that year.

Black's lawyers have filed notice of appeal with the Federal Court of Appeal asking it to set aside the Jan. 14 judgment.

In the appeal notice, they say the Tax Court of Canada made an error in law when it found Black to be a resident of Canada in 2002 for the purpose of the Income Tax Act.

His lawyers had argued that, under their interpretation of the Canada-United Kingdom Income Tax Convention, Black was, for tax purposes, a resident of the United Kingdom during that year.

They are also asking the appeal court to reconsider the amount the Canadian Revenue Agency claims Black owes taxes on. The government has estimated the amount of income and benefits Black owes taxes on may be as high as $5.1 million.

Black's lawyers have also asked that the appeal be heard in Toronto, where Black has been living in Toronto since 2012, when he finished serving 37 months in the U.S. for convictions on fraud and obstruction of justice relating to his time as the head of media giant Hollinger.

An appeal court tossed out two other fraud convictions against him and against two other Hollinger executives.

The Canadian Press


Read more Business News

25194


Recent Trending




Today's Market
S&P TSX15264.05+29.71
S&P CDNX704.30-2.43
DJIA18288.63+155.93
Nasdaq5008.096+44.568
S&P 5002117.39+12.89
CDN Dollar0.7973-0.0002
Gold1206.40-1.2999
Oil51.59-0.55
Lumber297.70-1.80
Natural Gas2.699-0.035

 
Okanagan Companies
Pacific Safety0.135+0.015
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.18-0.01
Metalex Ventures0.045+0.01
Russel Metals25.54+0.16
Copper Mountain Mining1.29-0.01
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225-0.01

 





FEATURED Property
22088701075 Van Street
3 bedrooms 3 baths
$449,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


25107