Nixon v. The King – deals with Ideas Canada Foundation and 2002 and 2003 donations
Recently, the Tax Court of Canada provided a judgment in Richard John Nixon and His Majesty the King, which deals with a leveraged donation arrangement that occurred in 2002 and 2003. The judgment was dated August 22, 2023. Even though the taxpayer said that his facts differed from those in the Kossow case, the TCC did not agree that the differences would result in a different outcome.