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Court gives go-ahead to class action suit

An Ontario Superior Court judge has given the green light to a $550-million class action against a Toronto-area company and a Nova Scotia lawyer over a failed tax-avoidance scheme involving donations to charities. In a decision Wednesday, Mr. Justice George Strathy certified a lawsuit against Burlington, Ont.-based Parklane Financial Group Ltd. as a class action. The lawsuit, filed on behalf of those who participated in the complex scheme, accuses Parklane of fraud. The suit also alleges tax lawyer Edwin Harris, of Truro, N.S., was negligent in okaying the scheme. The allegations have not been proven. In recent years, the Canada Revenue Agency has cracked down on participants in such schemes, which involve inflated tax receipts.

© The Globe and Mail

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