Tax expert Tim Edgar will launch the new Tax Law and Policy Seminar Series with a talk about his latest research on the General Anti-Avoidance Rule (GAAR), Thursday at 2:30pm in the Harry Crowe Room, 109 Atkinson Bldg.
Right: Tim Edgar
In 1988, Revenue Canada incorporated the General Anti-Avoidance Rule as Section 245 of the Income Tax Act. The rule aimed to curtail tax abuse by denying tax benefits on transactions done solely to avoid taxes. Lawyers have argued that the threat of GAAR has made tax planning difficult because it is unclear what the tax consequences of transactions will be. The Supreme Court of Canada heard two challenges to GAAR in 2005 and its decisions helped clarify how GAAR is interpreted and applied.
Edgar (LLM ’88) is director of the National Tax Centre and associate dean of administration at Western Law, the University of Western Ontario’s law school. He is the author of a book on the taxation of financial instruments, a co-editor of Materials on Canadian Income Tax, and a regular contributor to the Canadian Tax Journal and other tax publications.
The seminar series is hosted by Atkinson’s School of Administrative Studies at York with support from the Dean’s Office, Atkinson Faculty of Liberal & Professional Studies.
York faculty members and students are welcome to attend. RSVP to Thaddeus Hwong thwong@yorku.ca.