Court allows Suncor’s appeal of depreciable properties in tax reassessment

By Anosha Khan ( February 20, 2026, 3:59 PM EST) -- The Federal Court of Appeal has allowed an appeal by Suncor relating to its acquisition of more than $34 million in depreciable property that was transferred to its limited partnership, which did not exist at the time of acquisition, and later used to calculate its 2007 income tax....