Précis: CRA collected $12.75 million from Mr Grenon in March 2014. In August 2014 the jeopardy order was set aside on the consent of the parties. In March 2015 the $12.75 million was returned to Mr Grenon. Mr. Grenon asked CRA for interest on the funds from the date of seizure and CRA refused. Mr. Grenon brought an application before the Federal Court to judicially review that decision. The Federal Court denied the application for judicial review holding that the Minister’s decision was reasonable. Costs were awarded to CRA.
Grenon v. R. - FCt: Taxpayer not entitled to interest on funds seized under jeopardy assessmentREAD MORE »