RE:How was this resolved? wofats wrote: Knight believes that the CRA Notice is unfounded and intends to contest vigorously the CRA Notice by filing a notice of objection to start the appeals process. However, there can be no assurance regarding the outcome of the appeals process or when a resolution may be reached. In connection with the appeals process, Knight has made a deposit of $23.3 million to the CRA and will make an estimated deposit of $19.0 million to QRA. Knight has not recorded any tax provision for the Total Tax Liability in its financial statements. Although Knight believes its tax provisions are adequate, the final determination of tax audits and any related disputes could be materially different from historical income tax provisions and accruals.
Yes - still open and they wouldn't fight it if they didn't think there was a chance to get the money back. I don't know enough of the details but I'm still hoping to put the $40M+ back in the bank.
Just a waiting game for us.