Calce Holdings Ltd. v. The Queen, 2005 DTC 959, 2005 TCC 335 -- summary under Price Adjustment Clause

By services, 28 November, 2015

The existence of an "anti-flip agreement" allegedly given by the taxpayer in connection with its purchase of shares (under which it would pay to the vendor any consideration received by it, on a subsequent sale by it of the shares, over and above the purchase price) was found not to be supported by the evidence.

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