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BRIEF-Canada Revenue Agency Appeals Tax Court Of Canada Decision

Published 2018-10-26, 08:06 a/m
Updated 2018-10-26, 08:10 a/m
BRIEF-Canada Revenue Agency Appeals Tax Court Of Canada Decision

Oct 26 (Reuters) - Cameco Corp CCO.TO :

* CANADA REVENUE AGENCY APPEALS TAX COURT OF CANADA DECISION

* CAMECO CORP - DESPITE CRA'S APPEAL, CAMECO WILL BE MAKING AN APPLICATION TO COURT TO RECOVER "SUBSTANTIAL" COSTS INCURRED OVER COURSE OF THE CASE

* CAMECO - GOT NOTIFICATION THAT CRA FILED APPEAL WITH FEDERAL COURT OF APPEAL REGARDING TAX COURT OF CANADA DECISION OF SEPT. 26 IN FAVOUR OF CO

* CAMECO CORP - TAX COURT DECISION AND CRA APPEAL APPLY ONLY TO CO'S 2003, 2005 AND 2006 TAX YEARS

* CAMECO - EXPECT ANY FURTHER ACTIONS REGARDING SUBSEQUENT TAX YEARS THAT HAVE BEEN REASSESSED (2007 THROUGH 2012) WILL BE SUSPENDED UNTIL RESOLUTION

* CAMECO CORP - TAX YEARS 2013 AND BEYOND HAVE NOT YET BEEN REASSESSED, AND IT IS UNCERTAIN WHAT AUDIT APPROACH CRA WILL TAKE

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