Conrad Black and the Canada Revenue Agency are battling over more than $6 million in income, dividends and alleged benefits, including more than $1.3 million in allegedly personal jet costs, QMI Agency has learned.
The CRA is asserting that the 68-year-old former media baron — who owned or controlled Ravelston Corp., Hollinger Inc., the Chicago-based Hollinger International, plus Conrad Black Capital Corp. (CBCC) and 10 Toronto St. Inc. — owes the taxman approximately $3 million in taxes for 2002.
It’s a complicated dispute that involves his residency status for tax purposes — he had homes in Canada and the United Kingdom — and whether the international tax treaty between those countries or the Income Tax Act should rule for his income.
