McKesson Canada Corp: Details of the Transfer Pricing Settlement with the CRA

By Robert Robillard - 26 August 2015

This blogpost originally appeared on

As reported by Julius Melnitzer (Financial Post):

“Documents filed by McKesson Canada Corp. with the U.S. Securities and Exchange Commission last month reveal that the company saved some $12 million in settling its high-profile transfer tax dispute with the Canada Revenue Agency.”

Basically, McKesson Canada Corp. settled at 90 cents on the dollar, according to the article.

This one goes to the CRA indeed…

See the complete FP article here.

McKesson’s filing related to the matter is available here (see financial note #6, on page 10).

Robert Robillard, Ph.D., CPA, CGA, Adm.A., MBA, M.Sc. Econ., M.A.P.
Senior Partner, RBRT Inc.
514-742-8086; robertrobillard “at”

The convergence of RBRT’s tax, accounting and economics expertise makes a difference. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. RBRT Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from RBRT Inc. as required.