Valuation by Compromise in the Tax Courts: Myth or Reality?

Elizabeth Shultis, CMA, CBV, is a senior valuations consultant with Revenue Canada Customs, Excise and Taxation at Head Office in Ottawa, Ontario. She holds a Bachelor of Business and Economics degree from McMaster University.

Stephen Smith, CA, CBV, is a senior manager in the Financial Advisory Services/Valuation Department of Peat, Marwick, Thome's Mississauga, Ontario office. He holds a Bachelor of Commerce degree from McMaster University.