Friday, May 22nd15.4°C
26329
24291

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

25985


Recent Trending




Today's Market
S&P TSX15203.61+130.78
S&P CDNX700.51+5.09
DJIA18285.74+0.34
Nasdaq5090.79+19.05
S&P 5002130.82+4.97
CDN Dollar0.8200+0.0006
Gold1203.80-5.10
Oil57.45-1.98
Lumber268.90-0.70
Natural Gas2.954+0.005

 
Okanagan Companies
Pacific Safety0.135+0.010
Knighthawk0.010.00
QHR Technologies Inc1.45+0.00
Cantex0.03-0.01
Anavex Life Sciences0.372+0.032
Metalex Ventures0.09+0.01
Russel Metals25.82+0.02
Copper Mountain Mining1.41-0.02
Colorado Resources0.10-0.00
ReliaBrand Inc0.0097-0.0003
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.000
Decisive Dividend Corporation2.20+0.60

 



24910

FEATURED Property
1744433Timeshare Sun Peaks Resort
$22,500
more details
image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



26363

25482


Member of BC Press Council


26316