Here’s a case of interest to tax advisers and residents of the Hamilton area. In Henco Industries Limited v R, 2014 TCC 192, the Court dealt with the tax treatment of certain payments received from the Government of Ontario by the developer of the Douglas Creek Estates property in Caledonia. The Court, after providing a detailed chronology of the events from Henco’s perspective, ultimately concluded that the compensation received by the corporation was non-taxable.
