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Madison Pacific Cl B ( (TSE:MPC) ) has shared an update.
Madison Pacific Properties Inc. announced that the Federal Court of Appeal has dismissed its appeal regarding the tax reassessments imposed by the Canada Revenue Agency and Alberta Tax and Revenue Administration. This decision upholds the denial of certain tax deductions and credits from prior years, resulting in approximately $6.6 million in additional taxes and interest. The company is considering further legal action and has filed for interest relief applications with the CRA.
More about Madison Pacific Cl B
Madison Pacific Properties Inc. is a Vancouver-based real estate company engaged in the management and development of commercial and industrial properties. The company focuses on strategic property investments and developments to enhance its portfolio and market position.
YTD Price Performance: -4.97%
Average Trading Volume: 1,088
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$261.5M
See more data about MPC stock on TipRanks’ Stock Analysis page.
