skip to main content

Back to all publications
May 23, 2013

Tax News Flash - May 23, 2013

The decision of the Supreme Court of Canada (“SCC”) in Daishowa-Marubeni International Ltd. v. Canada, 2013 SCC 29, was released on May 23, 2013, reversing the decision of the Federal Court of Appeal. The issue on appeal to the SCC was whether or not the cost of certain reforestation obligations assumed by a purchaser in connection with the acquisition of certain forest tenures were to be included in computing the vendor’s proceeds of disposition in respect of the sale of the tenures. The key question was whether the obligations were “embedded” in the property or separate or severable from the property.

Areas of Expertise

Related Publications

Publications Newsletter
Doing Business in Canada - October 2017 Oct 06, 2017 Aird & Berlis LLP is pleased to present the October 2017 edition of Doing Business in Canada. This publication was developed to provide a general overview of Canadian federal and Ontario law and is intended for those planning to start, acquire or invest in a business in Canada.
Publications Newsletter
The Cannabis Act and Residential Tenancies By Tom Halinski and Meaghan Barrett Aug 16, 2017 In April, the federal government introduced Bill C-45 (the “Cannabis Act”), which provides for the legalization of recreational marijuana in June 2018. Until the Cannabis Act comes into force, the possession of marijuana for recreational use remains illegal (although individuals with licenses iss...
Publications Newsletter
Breach of Drug Policy Can Support Termination SCC Decides By Michael F. Horvat Jul 13, 2017 Whether it is due to increased workplace drug testing or the impending legalization of recreational marijuana use, the legal landscape of drug and alcohol addiction and the workplace continues to evolve. Canadian companies must be able to adapt to this changing dynamic with sound workplace polici...