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
David Johnston resigns as foreign interference special rapporteur, citing 'highly partisan atmosphere'
Foreign interference special rapporteur David Johnston has resigned, CTV News has confirmed. In a letter to Prime Minister Justin Trudeau, Johnston cited the intense politicization of his appointment and work, as the reason for his coming departure.
Here's how some of Canada's wildfires compare in size to cities, lakes
Fires across the country are burning millions of hectares of land but what does that really look like? CTVNews.ca compared the blazes to some cities and lakes in the country showing just how big they have gotten.
Donald Trump stored, showed off and refused to return classified documents, indictment says
Former U.S. president Donald Trump is facing 37 felony charges related to the mishandling of classified documents, according to an indictment unsealed Friday that alleges that he described a Pentagon 'plan of attack' and shared a classified map related to a military operation.
Boris Johnson quits as U.K. lawmaker after being told he will be sanctioned for misleading Parliament
Former U.K. Prime Minister Boris Johnson shocked Britain on Friday by quitting as a lawmaker after being told he will be sanctioned for misleading Parliament.
Reactive to proactive: A push for a national campaign on wildfire education in Canada
Despite the alarming facts and figures, experts say Canada is far more reactive than it is proactive when it comes to wildfires and they’re calling for a national campaign on wildfire education to better prepare for the future.
Unhealthy habits of university students could lead to future health problems
A recent study published in the peer-reviewed journal Preventative Medicine Reports by a group of international researchers has found that post-secondary students with unhealthy eating habits can go on to suffer from disease and mental health issues for years to come.
Three people charged in alleged abduction of N.L. teen after Amber Alert issued
Police in Newfoundland and Labrador say three people are facing charges following the alleged abduction of a 14-year-old girl.
Eyes on the weather as residents pack and flee from fierce wildfire in northeast B.C.
Showers are predicted Saturday over the aggressive wildfire threatening Tumbler Ridge, but forecasters say thunderstorms could sweep through the parched region without bringing any rain.
Air Canada walks back compensation denials after thousands delayed due to tech issues
Air Canada says it made a mistake in rejecting some compensation claims from the thousands of travellers affected by delayed flights due to computer malfunctions.
Regina
-
Transplant may not be possible for Sask. girl who stole hearts on TikTok
A young Saskatchewan girl that stole the hearts of the province, and millions online, is back in hospital.
-
13-year-old dies following rollover near Moosomin, Sask.
A 13-year-old is dead following a vehicle rollover near Moosomin on Thursday morning.
-
Sask. RCMP cancel Amber Alert after missing kids located
Saskatchewan RCMP cancelled an Amber Alert after two missing children were located.
Winnipeg
-
Remains found in western Manitoba identified as woman missing since 2020
Mounties say remains found in western Manitoba have been identified as a woman who has been missing for three years.
-
'If it walks like a PC attack ad': Out-of-province group attacks Manitoba NDP leader in advertising campaign
An ad campaign from an out-of-province group is fanning the political flames in Manitoba.
-
Broadway fountain pays tribute to Shoal Lake 40 First Nation
A downtown fountain has undergone a facelift to honour Winnipeg's water source.
Calgary
-
Unsealed court documents offer new disturbing details provided by Mantha's alleged victims
Disturbing new details about a man accused of kidnapping and sexually assaulting women in Calgary have come to light, as court documents exposing accounts from his alleged victims have been unsealed.
-
Grass fire breaks out in southeast Calgary's Manchester Industrial Area
Calgary firefighters scrambled to attack a grass fire that broke out in the southeast, near an Amazon warehouse, between Builders Road and Manitou Road, around 8:30 p.m., Friday evening.
-
'Situation has escalated': Edson residents ordered to evacuate because of wildfire
For the second time in about a month, residents of Edson were told to leave town Friday night because of a wildfire.
Edmonton
-
'Situation has escalated': Edson residents ordered to evacuate because of wildfire
For the second time in about a month, residents of Edson were told to leave town Friday night because of a wildfire.
-
Premier Smith appoints new Alberta cabinet with many familiar faces in different portfolios
Alberta Premier Danielle Smith named her new cabinet Friday, about two weeks after her United Conservative Party took the majority of seats in Alberta.
-
Edmonton sees record-setting heat Friday and more expected in Alberta this weekend
Edmonton has set a new record high for June 9th. The city reached 30.8 degrees Friday afternoon, breaking the old record of 30.6 set in 1913.
Toronto
-
Toronto Blue Jays send Anthony Bass packing after anti-LGBTQ2S+ controversy
Blue Jays pitcher Anthony Bass was demoted from the team’s roster on Friday afternoon after sharing an anti-LGBTQ2S+ video.
-
Woman warns Ontario drivers after getting caught up in licence plate cloning scam
An Ontario woman was surprised to find out her licence plate was duplicated by another driver after multiple Highway 407 bills landed in her mailbox.
-
Toyota wouldn't share stolen vehicle's GPS location with police, car owner says
A Vaughan man thought he had done the right thing by equipping his brand new SUV with tracking technology offered by the manufacturer — but when it was stolen, he faced plenty of roadblocks sharing that location with the police chasing after it.
Ottawa
-
NEW THIS MORNING
NEW THIS MORNING | Complaints about OC Transpo bus drivers flood city's fraud hotline
Auditor General Nathalie Gougeon says the fraud hotline has been receiving approximately five to 10 reports a day over the past year linked to bus operator "compliance nature", and it is overwhelming her office.
-
Westbound lanes of Highway 174 closed this weekend for LRT work
The city of Ottawa says a portion of Highway 174 westbound will be closed this weekend for work on Stage 2 of LRT.
-
Trans-friendly counter-protesters stand up to activist outside Ottawa schools
Hundreds of counter-protesters gathered near three schools in Ottawa's west end on Friday to take a stand against a B.C. man who is protesting what he calls "gender ideology."
Vancouver
-
How a Facebook comment about fish and chips led to an ethics complaint against an elected official in B.C.
The Moby Dick restaurant has been serving up its famous fish and chips on the White Rock promenade since it was founded by the Mueller family in 1975. But one local city councillor clearly isn’t a fan.
-
Driver plows through entrance of West Vancouver Whole Foods
Authorities in West Vancouver say it's lucky more people were not harmed when a driver crashed his car through the entrance of a Whole Foods Friday, coming to a stop in the busy produce section.
-
Big Vancouver Chinatown development 'likely' nearing approval despite community pushback
Developer Beedie Living's condo tower was originally voted down by the City of Vancouver's Development Permit Board in 2017, but a challenge in B.C. Supreme Court and a shift in community sentiment have given the project new life.
Montreal
-
Violent crimes rose in 2022, car thefts skyrocketed: Montreal police
Montreal police (SPVM) stats for 2022 show that crime went up dramatically in 2022 and, taking COVID-19 pandemic numbers into account, violent crimes have been on the rise overall since 2017. In addition, motor vehicle thefts skyrocketed, having more than doubled since pre pandemic years.
-
Plante vows to crack down on illegal magic mushroom dispensary slated to open in Montreal
A chain of illegal magic mushroom dispensaries in Ontario is determined to open a location in Montreal this summer despite the threat of a crackdown by Mayor Valerie Plante.
-
2 men to be charged with first-degree murder after man, 61, found dead in Montreal apartment: police
Montreal police said two men are expected to be charged with first-degree murder after a man was found dead inside an apartment last weekend.
Vancouver Island
-
Vancouver Island wildfire expected to continue for 'several days' as highway remains closed
Wildfire officials are sending an additional 20 firefighters to help battle an out-of-control blaze that has burned more than two square kilometres of forest and cut off a major highway on Vancouver Island.
-
BC Ferries cancels sailings between Vancouver and Victoria
BC Ferries has cancelled two sailings between Vancouver and Victoria on Friday evening.
-
Vancouver Island wildfire detour to close after vehicle rolls into lake
A vehicle detour route that is serving as a lifeline between eastern and western Vancouver Island amid a raging wildfire will be closed for much of the day Friday.
Atlantic
-
N.S. teachers, students, health care workers impacted by cyber attack
Nova Scotia says it has identified more details about the records stolen in a file transfer service cyber attack, impacting teachers, students and health care workers' records.
-
Halifax-area evacuation order rescinded for most residents
The majority of Halifax-area residents evacuated due to wildfires are now permitted to return home.
-
Three people charged in alleged abduction of N.L. teen after Amber Alert issued
Police in Newfoundland and Labrador say three people are facing charges following the alleged abduction of a 14-year-old girl.
Northern Ontario
-
Victim shot and killed in Kirkland Lake, police search for homicide suspects
One person has been killed in Kirkland Lake following a shooting Thursday evening on Second Street East.
-
Water advisory in effect for Kagawong
A water advisory is in effect for Kagawong on Manitoulin Island. Public Health Sudbury and Districts say a loss of water pressure created conditions that has compromised the safety of the community's drinking water.
-
Already displaced by fire, Sudbury woman victim of attempted break-in at hotel
A tenant displaced in the downtown Sudbury fire last month said her hotel is denying her request to move her room to a centralized location following an attempted break-in.
London
-
Drug trafficking trial puts elderly couple behind bars
A London, Ont. courtroom heard Friday that from a so-called “hobby farm” near Newbury, drugs were being housed and trafficked.
-
Three-vehicle collision in south London, Ont. sends one to hospital
A three-vehicle collision on Wellington Road resulted in an SUV flipping onto its roof and one person being sent to hospital Friday afternoon.
-
A dry summer: Neighbourhood pool at risk of not opening as it waits for a federal grant
A neighbourhood pool in west London, Ont. may not be able to open this year because the federal funding it depends on every year to hire lifeguards has not come through.