Thursday, April 24th5.9°C
21633
21182

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

21100


Recent Trending




Today's Market
S&P TSX14533.39-22.58
S&P CDNX1010.986.10
DJIA16501.65-12.72
Nasdaq4126.967-34.491
S&P 5001875.39-4.16
CDN Dollar0.9069+0.0005
Gold1283.70-0.50
Oil102.15-2.22
Lumber332.60+1.00
Natural Gas4.761+0.031

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.22+0.01
Cantex0.05+0.005
Anavex Life Sciences0.38-0.005
Metalex Ventures0.080.00
Russel Metals31.30+0.13
Copper Mountain Mining2.33-0.05
Colorado Resources0.27+0.01
ReliaBrand Inc0.11+0.03
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.250.00

 





FEATURED Property
1817348#5 4141 Lakeshore Road
3 bedrooms 2 baths
$424,995
more details
image2image2image2
Click here to feature your property
Please wait... loading


On living and dying

Our ability to live beyond our years has nothing to do with medical science; we will all live longer than our physical bodies, each of us will leave behind a personal legacy made up of our deeds, our ...


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...

_








Member of BC Press Council


20573