Saskatoon-based Cameco wins back $300M in court battle with Canada's tax collector
Following a series of court decisions, Cameco says it will be getting a refund worth roughly $300 million from the Canada Revenue Agency (CRA).
The move by CRA comes after the courts ruled "unequivocally in Cameco’s favour for the 2003, 2005 and 2006 tax years," the Saskatoon-based uranium company said in a news release.
The rulings found that the money earned by Cameco's foreign subsidiary from the sale of non-Canadian uranium was not taxable in Canada.
While the uranium firm calls the refund a "positive" development, it says its "broader tax dispute with CRA remains ongoing."
Cameco claims CRA is holding on to $480 million in cash and letters of credit that the company believes it is owed.
The company said the money that it claims is still owed by CRA amounts to "a significant portion of [its] financial capacity."
CTVNews.ca Top Stories
U.S. presidential historian predicts results of November elections. Here's who he says will win
An American presidential historian is predicting a Kamala Harris presidency as the outcome of the upcoming U.S. elections in November.
NDP MPs embrace distance from 'radioactive' Trudeau brand, as Singh convenes caucus in Montreal
Just days after demolishing his deal with Justin Trudeau’s Liberals, NDP Leader Jagmeet Singh is holding a three-day strategy session with his MPs in Montreal, where his MPs are embracing their new-found distance from what one called Prime Minister Justin Trudeau's 'radioactive' brand.
Inquiry into U.K. hospital where a nurse killed 7 babies will not review evidence against her
An inquiry into an English hospital where a neonatal nurse was convicted of murdering seven babies and trying to kill seven others began Tuesday as her supporters push to clear her name.
Buyers say they lost life savings to a Saskatchewan company selling luxury vacation condos
In 2022, Tanya Frisk-Welburn and her husband bought what they hoped would be a dream home in Mexico.
Judge reserves decision on Hoggard bail attempt as singer seeks SCOC leave to appeal
A justice with Ontario's Appeal Court has reserved her decision on whether Canadian musician Jacob Hoggard should get bail as he tries to appeal his sexual assault conviction at the country's top court.
Canadian fast food chains create value menus to win back customers
Canada’s restaurant industry is in a slump as money conscious consumers are eating out less and spending less when they do go out.
7-Eleven ordered to pay B.C. woman $907K for pothole injury
A British Columbia Supreme Court judge has ordered 7-Eleven Canada to pay a woman more than $900,000 in damages after she tripped on a pothole and broke her ankle in the parking lot of a convenience store.
Viral Olympian Raygun ranked No. 1 breaker in the world by sport's governing body
Australian breaker Rachael Gunn, the Olympian widely known as B-Girl Raygun who went viral after her performance at the Paris Games, is now ranked the No. 1 breaker in the world.
Forgotten Cheetos snack bag can have 'world-changing' impact, U.S. national park says
A U.S. national park is cautioning tourists about how a small bag of Cheetos could have an enormous impact.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Regina
-
Drug toxicity deaths in Sask. seemingly on course to match record set in 2023
Saskatchewan's overdose crisis is tragically on par with last year's record breaking total, with more than 200 people having lost their lives to accidental overdoses in the first seven months of the year.
-
Buyers say they lost life savings to a Saskatchewan company selling luxury vacation condos
In 2022, Tanya Frisk-Welburn and her husband bought what they hoped would be a dream home in Mexico.
-
Evacuation order for Sandy Bay cancelled due to decreased wildfire risk
An evacuation order for the Sandy Bay community has been cancelled due to a decreased wildfire risk, effective immediately.
Winnipeg
-
As warming threatens polar bear tourism, a Canadian town adapts and thrives
Change has broken, remade and continues to reshape this remote town where tundra meets forest on the shore of Hudson Bay.
-
City's forecasted budget deficit nearly cut in half: report
Winnipeg's financial picture looks a bit rosier in a new budgetary forecast.
-
‘It’s a mistake’: Downtown housing complex slated for demolition
Winnipeg's Centre Village social housing complex will face the wrecking ball less than 15 years after it was built.
Edmonton
-
Edmonton LRT train involved in crash after vehicle drives onto tracks: ETS
No injuries were reported after a collision between an LRT and a vehicle on Tuesday morning.
-
Oilers, Canucks alumni to play charity game in Fort McMurray
Former Edmonton Oiler Craig MacTavish will be returning to the ice for a charity game against Vancouver Canucks alumni in Fort McMurray in October.
-
Canadian court approves Red Lobster restructuring plan, company will exit bankruptcy
A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy.
Calgary
-
Calgary eatery named among best new restaurants in Canada
A Calgary restaurant has been nominated as one of the best new dining spots in Canada.
-
Bret Hart makes return to WWE Raw at the Saddledome
Wrestling legend Bret 'Hitman' Hart made a special appearance at WWE's Monday Night Raw at Calgary's Scotiabank Saddledome.
-
165 hectares of trees will be cut down in Banff National Park
Parks Canada says work is expected to begin later this fall on two projects aimed at mitigating wildfire risk in Banff National Park.
Lethbridge
-
Serious crash closes intersection north of Lethbridge: RCMP
Police responded to a serious crash north of Lethbridge on Tuesday morning.
-
'No consequences': Lethbridge police chief concerned about changes to photo radar
Lethbridge’s police chief says changes to the use of photo radar in Alberta are going to increase the number of violations being handed out to those breaking traffic enforcement laws.
-
Lethbridge police seek man wanted on warrants
Police in Lethbridge, Alta., need your help tracking down Dylan Ivan Sokol, who is wanted on warrants.
Toronto
-
Operators of Revue Cinema reach new five-year deal with owners
The group which runs the historical Revue Cinema in Roncesvalles Village will be sticking around to manage the theatre after reaching a new agreement with the owners.
-
4 people defrauded of thousands of dollars in Guelph taxi fare scam: police
Police in Guelph are investigating after four people were defrauded of thousands of dollars in a fake taxi scam involving a child.
-
More than one million people visited an Ontario food bank in the last year, data shows
More than a million people living in Ontario visited a food bank in the last year as food prices soared across the country, according to new data released by a network of hunger-relief organizations.
Ottawa
-
Lawsuit alleges Ottawa police wiretapped, surveilled five Black officers of Somali descent
A $2.5 million lawsuit alleges Ottawa police wiretapped and surveilled five of its own Black, Somali officers, hasn't told them why and accuses the service of being an institution "rife with racism and discrimination that over-polices the racialized communities it has pledged to protect."
-
'A lot closer than we were': Senators owner provides update on talks for new arena at LeBreton Flats
Ottawa Senators owner Michael Andlauer admits there's been "more hurdles than meets the eyes" in talks to build a new arena at LeBreton Flats, with the clock ticking towards the deadline to finalize a deal.
-
O-Train service resumes after 'technical issue with cameras'
The O-Train was out of service for more than an hour Tuesday morning "due to a technical issue with cameras on the trains," according to OC Transpo. Full train service resumed just after 8 a.m.
Montreal
-
Nearly half of Canadians want federal election after NDP-Liberal agreement ends, poll suggests
Following the announcement of the end of the NDP-Liberal confidence and supply agreement, a new national survey reveals that 47 per cent of Canadians would support calling a federal election to be called, while only 34 per cent would prefer not to.
-
CAQ still hasn't fulfilled promise to create 37,000 daycare spots
Francois Legault's government is far from its commitment to create 37,000 subsidized daycare spaces by March of next year.
-
NDP MPs embrace distance from 'radioactive' Trudeau brand, as Singh convenes caucus in Montreal
Just days after demolishing his deal with Justin Trudeau’s Liberals, NDP Leader Jagmeet Singh is holding a three-day strategy session with his MPs in Montreal, where his MPs are embracing their new-found distance from what one called Prime Minister Justin Trudeau's 'radioactive' brand.
Vancouver
-
7-Eleven ordered to pay B.C. woman $907K for pothole injury
A British Columbia Supreme Court judge has ordered 7-Eleven Canada to pay a woman more than $900,000 in damages after she tripped on a pothole and broke her ankle in the parking lot of a convenience store.
-
22-year-old suffered life-threatening injuries in Surrey park assault, RCMP say
Police in Surrey are investigating after an assault in a park sent two young men to hospital – one of them with life-threatening injuries – over the weekend.
-
B.C.'s second-largest city requesting charter to expand local powers
The second-largest city in British Columbia will ask the provincial government for a municipal charter – which would dramatically expand local powers – following a unanimous city council vote Monday.
Kelowna
-
Woman stabbed during daylight Kelowna home invasion: RCMP
A woman suffered life-threatening injuries after being stabbed during a home invasion in Kelowna, according to authorities.
-
Dog mauled to death in B.C. yard after 3 pit bulls jump fence: police
A 12-year-old collie was killed by three pit bulls in the B.C. Interior Sunday morning, according to authorities.
-
Suspect charged with 2nd-degree murder 1 year after Smithers, B.C., shooting
Mounties in northwestern B.C. say they have arrested the suspect in a fatal shooting almost exactly a year after it occurred.
Vancouver Island
-
7-Eleven ordered to pay B.C. woman $907K for pothole injury
A British Columbia Supreme Court judge has ordered 7-Eleven Canada to pay a woman more than $900,000 in damages after she tripped on a pothole and broke her ankle in the parking lot of a convenience store.
-
2 hospitalized, suspects sought after 'extreme case of road rage' in B.C.: RCMP
Mounties in B.C.'s Lower Mainland are searching for two people allegedly responsible for a road rage incident that sent a couple to hospital with serious injuries, saying the suspects could be in another province.
-
BC United sources leak 'extremism' file on B.C. Conservative director
Sources in the Official Opposition BC United party have leaked a file on the "extremism" of the B.C. Conservatives' executive director, Angelo Isidorou, less than two weeks after the parties' leaders announced a deal to work together.
London
-
Sarnia dump truck driver charged following crash
Officers responded to the area of Scott Road and St. Andrew Street after a dump truck ended up in a ditch.
-
Roads around Western University remain closed amid support staff strike
The school asks that motorists who do not have a specific reason to be on or around main campus, to avoid the area. About 330 members are on strike after two days of talks with an external mediator came to an end just before Labour Day.
-
Bruce-Grey-Owen Sound MPP Rick Byers will not seek re-election
Bruce-Grey-Owen Sound MPP Rick Byers will not seek re-election.
Kitchener
-
Several Cambridge crosswalks without crossing guards amid shortage
Several crosswalks throughout the city do not have a crossing guard as the city searches for more people to take up the responsibility.
-
Thousands expected at Canada’s Outdoor Farm Show in Woodstock, Ont.
Ontario’s largest outdoor farm show is expecting to welcome thousands of visitors over the next few days.
-
Three people charged with forcible confinement in connection with Guelph home invasion
On July 24 around 1:35 p.m., a man and woman were sleeping in their apartment on Woolwich Street when three people with their faces covered by bandanas entered, police said.
Northern Ontario
-
Video shows tornado moving ashore in northern Ontario
A beautiful Labour Day weekend at the lake was interrupted by some extreme weather when a tornado touched down in northern Ontario.
-
Hunt widens for man who allegedly threw scalding coffee on baby
A man wanted for allegedly throwing scalding coffee on a baby in an unprovoked attack at a park in the northern Australian state of Queensland is now the subject of an international manhunt.
-
Young camper diagnosed with life-threatening Powassan virus during northern Ont. trip
A nine-year-old boy contracted an often-deadly disease during a camping trip in July in northern Ontario.
Atlantic
-
Frost Advisories issued in New Brunswick; Tropical Storm Francine update
Some parts of New Brunswick have Frost Advisories in effect.
-
Elsipogtog First Nation man dead after N.B. RCMP shooting, SiRT investigating
An investigation is underway after a man was shot and killed by RCMP in Elsipogtog First Nation, N.B.
-
Newfoundland and Labrador monitoring rise in whooping cough cases: medical officer
Newfoundland and Labrador's chief medical officer is monitoring the rise of whooping cough infections across the province as cases of the highly contagious disease continue to grow across Canada.
N.L.
-
Newfoundland and Labrador monitoring rise in whooping cough cases: medical officer
Newfoundland and Labrador's chief medical officer is monitoring the rise of whooping cough infections across the province as cases of the highly contagious disease continue to grow across Canada.
-
Dispute over unrecognized Inuit group halts major conference for Canadian North
A 16-year-old biennial event aimed at fostering business in the country's eastern Arctic and northern regions has been cancelled indefinitely as a dispute unfolds between Inuit in Canada and a Labrador group claiming to share their heritage.
-
Cow cuddling: Why a Newfoundland farm is offering quality time with these 'gentle creatures'
Jim Lester’s farm hopped on the cow-cuddling trend in early August, and his time slots have been pretty well sold out ever since.
