That is really bad advice. Courts and administrative tribunals give very broad interpretation to regulations designed to protect the public interest, which the CAR's are. In addition, courts frown upon regulatory avoidance schemes and generally shut them down. Even though some schemes meets the letter of the law, it does not meet the spirit of the law.Colonel Sanders wrote:There are no grey areas of the CARs
The CARs say what you cannot do.
If you are doing something which is not specifically
Prohibited by the CARs it is therefore legal
Modulo CAR 602.01.
I could provide a plethora of case law on this, but I don't have time. For a quick example off the top of my head, think of the recent case before the SCC on the charitable trust scheme where you got a tax return which was greater than charitable contribution.
I hate to be a jerk, but it could be because of your understanding about the CAR's and how they're applied. I applied for an FTU OC once and had the OC in hand 4-6 weeks after my application. If there's nothing wrong with your MCM, it should only take your PMI a few weeks to approve. BTW, we had a PMI with a reputation for being a jerk.Colonel Sanders wrote: Stopbar - when was the last time you personally tried
To obtain an FTU OC?
It took me SIX F__KING YEARS to get an MCM approved
For an FTU that did NOT have an AMO and thus did NO
MAINTENANCE.
For the OP: What you are proposing has been tried before and has been held to contravene the CAR's. What you could do though is not be part of the ownership group.



