Imperial Oil Resources Limited: FCA rules that there is no refund interest on amounts subject to remission

The Federal Court of Appeal’s decision in Imperial Oil Resources Limited  v. Canada (Attorney General)[i] concerns refund interest on amounts relating to remission orders.  The specific issue before the Court was whether, in computing the amount required to be paid by Imperial Oil Resources on account of its tax liability pursuant to the Income Tax Act (Canada) (the “ITA”), the Minister of National Revenue was … Continue reading Imperial Oil Resources Limited: FCA rules that there is no refund interest on amounts subject to remission »