Brief: Madison Pacific Properties Inc. Announces Tax Court Of Canada Judgement On Tax Court Case

Madison Pacific Properties

04/01/2024 22:54

Jan 4 (Reuters) - Madison Pacific Properties Inc
 MPC.TO :
    * MADISON PACIFIC PROPERTIES INC. ANNOUNCES TAX COURT OF
CANADA
JUDGEMENT ON TAX COURT CASE
    * MADISON PACIFIC PROPERTIES INC - COMPANY AND ITS COUNSEL
ARE
CURRENTLY ASSESSING WHETHER TO APPEAL DECISION ISSUED BY TCC
    * MADISON PACIFIC PROPERTIES INC - COMPANY AND ITS COUNSEL
ARE
ALSO ASSESSING IMPACT THAT THIS DECISION MAY HAVE ON ITS
SUBSIDIARIES' TAX APPEALS
    * MADISON PACIFIC PROPERTIES INC - ALSO ASSESSING IMPACT
DECISION
MAY HAVE ON ANY FINANCIAL STATEMENT ADJUSTMENTS
    * MADISON PACIFIC PROPERTIES - TCC RELEASED ITS JUDGEMENT ON
MPP
APPEAL ON DEC 27, 2023 IN FAVOUR OF CRA, CONFIRMING CRA'S AND
ATRA'S REASSESSMENTS
    * MADISON PACIFIC PROPERTIES:DEC 27 DECISION DENIED CO'S
ABILITY
TO USE CERTAIN CARRYFORWARD LOSSES FOR CERTAIN TAXATION YEARS
WITHIN 2009 TO 2017 YEARS

Source text for Eikon:  ID:nGNXphCyw 
Further company coverage:  MPC.TO