McClintock v. The Queen, 2003 DTC 576, 2003 TCC 259 -- summary under Shares

By services, 28 November, 2015

Rip T.C.J. accepted the position of the Minister that the fair market value of shares of a Canadian-controlled private corporation three months before it did an initial public offering should be valued at a discount of 25% to the public offering price (to reflect a marketability discount).

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