Reinforcing the GAAR: What even is economic substance?

By Raymond Adlington (October 23, 2023, 2:54 PM EDT) -- As part of its 35th anniversary celebrations, the Income Tax Act general anti-avoidance rule (GAAR) is getting some renovations. New support beams and a paint job are planned, a 25 per cent penalty may be tacked on to the bill, and government inspection times may be extended....
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