Case involves compliance orders under the Income Tax Act against members of the Ghermezian family and Gherfam Equities Inc.
Federal Court initially granted these orders, which were later appealed.
Issues:
Consideration of a stay on re-determination of compliance orders.
Procedure for re-determination if no stay.
Cost adjudication process.
Key Findings:
Court evaluated the "interests of justice" for a stay, including factors like case expediency, harm, and balance of convenience.
Respondents sought a stay, fearing mootness of their Supreme Court appeal.
Court found their concerns about appeal mootness and multiple proceedings unconvincing.
Rulings:
Stay request denied: Court deemed re-determination not excessively burdensome.
Re-determination process: Court rejected respondents' proposed lengthy timeline, favoring a quicker process akin to the original orders.
Costs: Followed the original compliance orders' methodology.
Conclusion:
The Court emphasized efficient resolution, dismissing the stay request and outlining streamlined processes for re-determination of compliance orders and costs. The decision considered the minimal harm and speculative nature of the respondents' concerns.
