Précis: The taxpayer disputed CRA’s valuation of shares owned by a family trust on its deemed disposition date. Ultimately the Tax Court substantially reduced the CRA valuation. In this motion dealing with costs the taxpayer asked for costs in excess of the tariff, i.e., 75% ($155,856.83) of its solicitor-client costs, plus 100% of its disbursements (largely expert witness fees). The Court concluded that this was an appropriate case for costs in excess of the tariff, largely because of the significant monetary success of the taxpayer, but concluded that an award of 25% ($52,000) of its solicitor-client costs, plus 100% of its disbursements was more appropriate.
Grimes v. R. - TCC: Taxpayer awarded 25% of solicitor-client costs on valuation issueREAD MORE »