Is there a dispute in the share structure of a company?
Nova Scotia, Canada
The following excerpt is from S.A.C. v. M.A.B., 2002 NSFC 4 (CanLII):
That is the essence of this matter. The share structure of the company is not in dispute, the Respondent owns 49% and is not in control of the company. He does not own the majority of shares nor does he have any other legal control (power of attorney, proxy, etc.) As defined in the Income Tax Act and discussed in Breckerfield”s Ltd. et al v. Minister of National Revenue supra.
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