Tax Court varies reassessments for company that underreported $6 million

By Cris Best ( February 12, 2026, 3:59 PM EST) -- In the Tax Court of Canada decision of Premier Fasteners Inc. v. Canada, 2026 TCC 2 (Premier), the key fact underlying numerous complicated tax issues was Canada Revenue Agency’s (CRA) assessment that the appellant failed to report millions of dollars in revenue. This included failing to convert foreign sales income to Canadian currency....
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