www.carters.ca
www.charitylaw.ca
•Lipson v. Cassels
Brock & Blackwell LLP, 2013 ONCA 165
–Case concerned a tax shelter
which involved donors giving cash or timeshares to a trust in
return for tax credits worth more than the value of their donations
–Ontario Court of Appeal
certified a class action lawsuit against Cassels Brock &
Blackwell LLP which had prepared the legal opinion used to promote
the tax shelter to potential donors
§The legal
opinion had indicated that CRA would likely be unable to
successfully deny the tax credits offered by the tax shelter
§Many
donors claimed to have relied on this opinion in making their
donations
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