Canadian Tax Court Holds that Agreements Reached Under the Mutual Agreement Procedure are Binding on the Canada Revenue Agency - McDermott Will & Emery

Canadian Tax Court Holds that Agreements Reached Under the Mutual Agreement Procedure are Binding on the Canada Revenue Agency

Overview


K. Christy Vouri-Misso and Steven Hannes wrote this bylined article about a Tax Court of Canada ruling which overturned a Canada Revenue Agency (CRA) action and upheld agreements reached under the Mutual Agreement Procedure (MAP). “This case is helpful to taxpayers with cross-border transactions between the US and Canada and demonstrates that MAP agreements are binding on the CRA,” the authors wrote.