11. JTI-MC agrees and acknowledges, on behalf of its related companies and all exempt businesses and related companies, that payments, if they exist, are not taxable for the payment of duties released to exempt companies for any of them in a Canadian jurisdiction. JTI-MC further represents, warrants and confirms, on behalf of JTI-MC and any exempt business and related business, that this finding is binding and binding at the time of this Agreement, that it waives any right of objection or remedy regarding the tax deductibility of such payments and that no government (or the Canada Revenue Agency) has given or given assurances; Advance rulings or income tax treaties, the income taxes of which are properly calculated and cancelled. New study shows ontario and Quebec`s consumption reduction targets would bring more savings than any realistic monetary settlement.23 JTI-MC acknowledges the separate but simultaneous transaction agreement entered into between R.J. Reynolds Tobacco Company (RJR) and the governments at the time of such agreement, as well as its terms, including RJR`s commitments. (iii) the procedures described in the separate but simultaneous agreement entitled Agreement between the Québec Minister of Finance and JTI-MC, as well as all judgments, compensations and enforcement measures and the legal order described therein. 6.1 The Governments and the Participant intend to settle by mutual agreement, by negotiation and by agreement, all disputes arising from the Protocol. Without prejudice to the provisions of the arbitration, a dispute shall be communicated in writing by the Participant or the Governments and dealt with in the first place by the Director General, the Excise and Decisions Directorate of the GST/HST, the Department of Legislative Policy and Regulatory Affairs, the Canada Revenue Agency, and the Vice-President, the general counsel and the secretary of the participant. who discuss the dispute and try to resolve it. Currently, Canadian tobacco companies are in bankruptcy protection due to a $13 billion fine to be paid to Quebec smokers and are in secret negotiations with all provinces to settle their outstanding litigation to cover health care costs, with Ontario`s debt of US$330 billion and Quebec of US$61 billion. “Given that the Companies` Creditors Arrangements Act (CCAA) attempts to keep companies in business, even if they are faced with financial claims that they cannot pay, it is clear that, according to the CCAA, the amounts of their claims are not allocated to governments.
It is therefore not only ethical, but also financially sound for governments to do so through concrete ways to reduce the number of nicotine addicts and smokers, as this would also generate much greater savings than any realistic monetary regulation,” says Flory Doucas, co-director of the Quebec Coalition for Tobacco Control. . . .