October 17, 2013
On October 9, at the 38th annual convention of the Association de planification fiscale et financière (APFF), Pascale Swiben-Foley, a student in the Master of Laws program, Taxation option, won a $2,500 scholarship for her essay entitled “Une SPCC détenue par... des non-résidents.”
The PricewaterhouseCoopers agissant ès qualité de syndic à la faillite de Bioartificial Gel Technologies (Bagtech Inc.) c. R. case inspired and served as the background for the winning essay. In this case, the taxpayer used a unanimous shareholder agreement in an unusual way to obtain an advantageous status as a Canadian-controlled private corporation. Pascale’s analysis focused on determining the effects of a unanimous shareholder agreement on de jure control.
The APFF is a non-profit, independent and non-governmental organization bringing together professionals from all economic sectors to support them in their efforts to constantly update their knowledge of taxation and financial planning.
Photo (APFF): Me Maurice Mongrain, President and Executive Director of the APFF, Pascale Swiben-Foley and Suzanne Landry, FCPA, FCA, FCMA, Co-Director of the Master of Laws program, Taxation option.