Court dismisses appeal in case concerning $11-million tax scheme investment

By Anosha Khan (May 4, 2023, 5:13 PM EDT) -- Ontario’s appellate court has dismissed the appeal of lenders to a business executive who invested $11 million in a series of tax shelter schemes, finding that claims in relation to one subset of loans were statute barred and that, for another subset of loans, the executive's return of preferred shares satisfied his debt....