Friday, June 22, 2018

BIG BANKS VS THE CANADA REVENUE AGENCY

Hard to pick a side...
    FP:  Tucked into the recent financial statements of Canada’s biggest banks — past their mountains of assets and impressive profits — is a hint of tax trouble.
   Though the banks stress they are in the right, their statements disclose a series of disagreements with the Canada Revenue Agency. At least some of those disputes could trace back to a seemingly simple pledge made nearly 30 years ago in the House of Commons.
The $2.8-billion tax battle has been decades in the making.  

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