Canada Bank Seeks Millions in Sales Taxes It Says Paid in Error

The Canadian Imperial Bank of Commerce asked a court to strike down a ruling on Thursday that blocks the bank from collecting over C$22 million ($16.2 million) in sales tax rebates stemming from a contract dispute with supermarket giant Loblaw Companies Ltd.

CIBC told the Federal Court of Appeal that a Tax Court of Canada judge erred last year in deciding the bank received rights and services that don’t qualify as tax-exempted financial services in its agreements with Loblaw and Loblaw’s subsidiary, the President’s Choice Bank.

The tax court committed an abuse of process by ignoring a similar 2009 ruling ...