Brief: Olympia financial group resolves withholding tax proceedings
11/04/2016 22:40
April 11 (Reuters) - Olympia Financial Group Inc OLY.TO
* Olympia financial group inc. Resolves withholding tax
proceedings
* Been advised that 2015 proposed assessments will not be
issued; Co will not be subject to additional $1.9 million
potential liability
* Resolved its ongoing disputes with Canada revenue agency
* Resolutions relating to claims for withholding taxes owing
in accordance with section 116(5) of income tax act (canada)
* To resolve matter, Olympia has agreed to abandon its
appeal of certain of transactions giving rise to 2010
assessments
* CRA has agreed to consent to olympia's appeal of certain
of transactions
Source text for Eikon: urn:newsml:reuters.com:*:nNRA1un26b
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