Cases
Ollenberger v. Canada, 2013 DTC 5064 [at 5863], 2013 FCA 74
The taxpayer was entitled to recognize a business investment loss on a loan owing to him by a Canadian-controlled private corporation ("AES")...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Small Business Corporation | active business included passive business | 116 |
| Tax Topics - Income Tax Act - Section 39 - Subsection 39(1) - Paragraph 39(1)(c) | 116 |
Canadian Marconi v. R., 86 DTC 6526, [1986] 2 CTC 465, [1986] 2 S.C.R. 522
"'Active business' is nowhere restricted to a manufacturing or processing business."
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 125.1 - Subsection 125.1(3) - Canadian Manufacturing and Processing Profits | actively managed cash of corporation gave rise to active business income | 143 |
| Tax Topics - Statutory Interpretation - Resolving Ambiguity | 50 |
See Also
Hurley Mining Equipment & Services Inc. v. MNR, 89 DTC 403, [1989] 2 CTC 2101 (TCC)
Interest income which the corporate taxpayer, which was in the business of selling and servicing equipment used in the mining industry, earned on...
Administrative Policy
24 August 1992 T.I. (Tax Window, No. 23, p. 15, ¶2162)
Recapture of depreciation will be considered to be income from the same category of business (i.e., active or non-active) as that in which the...