Canada v. Nunn, 2007 DTC 5111, 2006 FCA 403 -- summary under Sham

By services, 28 November, 2015

In finding that the trial Judge has erred in finding that the investment of the taxpayer's RRSP in worthless shares as a result of fraudulent misrepresentation represented a sham, Malone J.A. stated, after citing the Snook v. London & West Riding Investments Ltd. case stated (at p. 5114):

"In other words, the elements of a sham require that the parties to a transaction together have deliberately set out to misrepresent the actual state of affairs to a third party ... ."

Topics and taglines
Topic
General Concepts - Sham
Tagline
misrepresentation element of sham
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333103
Extra import data
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