Manulife sought leave to appeal a decision of the Assessment Review Board that held it was estopped from appealing its 2021 and 2022 property tax assessments due to a prior settlement for the 2017-2020 taxation years.
Manulife also brought a motion to admit fresh evidence.
The Divisional Court dismissed the motion to admit fresh evidence, finding it did not meet the Palmer test.
However, the Court granted leave to appeal, finding good reason to doubt the correctness of the Board's application of issue estoppel because the prior settlement explicitly applied only to the years under appeal and there had been no hearing on the merits regarding equitable adjustments.