Does a reduction in the amount of tax liability that a husband would incur as a result of the sale of his shares in his corporation constitute contingent?

Manitoba, Canada


The following excerpt is from Pedersen v. Pedersen, 2022 MBQB 6 (CanLII):

For example, in Thompson v. Thompson, 2004 SKQB 100, the judge allowed a discount for the projected tax liability that the husband would incur as a result of the sale of his shares in his corporation. In that case, however, the evidence was that the husband had actually sold his shares between the date of the petition and the date of adjudication, and accordingly, the tax liability was not contingent. It is also noteworthy that the husband had other capital assets, namely multiple parcels of land, and there was no consideration of any tax liability in relation to the land.

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