The plaintiff brought a proposed class action against the Canada Revenue Agency and a CRA employee on behalf of investors in a tax-driven investment scheme.
The parties negotiated a settlement to resolve the tax disputes and civil claims, which was accepted by over 90% of the putative class members.
The plaintiff moved for a pre-certification order to discontinue the proposed class action to implement the settlement.
The court approved the discontinuance under s. 29 of the Class Proceedings Act, 1992, finding it was not prejudicial to the putative class members.
