TAX RELIEF

Re “Review of billions of COVID-19 wage benefits not worth the effort, CRA head says” (Jan. 27): Now it seems only reasonable that the Canada Revenue Agency finally return Cameco Corp.’s remaining deposit of $779.5-million in cash and credit.

The lawsuit against the CRA, regarding its reassessment of Cameco, was ruled in the company’s favour by the Tax Court for some tax years, subsequently upheld on appeal and declined to be heard by the Supreme Court (“Cameco’s legal victory seen as rebuke to CRA’s costly pursuit” – Report on Business, Feb. 19, 2021).

Ian Bruce