Sunday, June 14, 2026

Suncor Energy Successfully Resolves CAD$1.3 Billion Tax Dispute

Suncor reported that the Tax Court of Canada has issued a favorable order resolving the previously disclosed dispute with the Canada Revenue Agency (CRA). The dispute was in regards to the income tax treatment of realized losses in 2007 on the settlement of certain derivative contracts. The Tax Court Order confirms the successful resolution of this matter between Suncor and