“A Suitable Remedy?
Morris and Smith v. M.N.R.”, CCH International Tax, no. 50, February 2010
Date:
February 8 2010
Should a capital gain realized by a trust be taxed in On May 5, 2006, the Trust agreed to sell its 200 shares Barbados or in Canada? That is the relatively simple question that was before the court in Morris and Smith v. M.N.R. (the ‘‘RCI Trust’’ case). Upon closer inspection, however, the Court’s decision regarding this simple matter was its shareholders was layered with nuance and procedural knots, which have left the underlying issues in the case unresolved.
Republished with permission.
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