Contracts

Table of Contents

See Also

Bergeron v. The Queen, 2013 DTC 1081 [at 450], 2013 TCC 13

The taxpayer managed a the immigrant investor program at an investment dealer ("Cannacord") and was entitled to receive certain amounts from his...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 42 did not apply to fees 117

Aallcann Wood Suppliers Inc. v. The Queen, 94 DTC 1475 (TCC)

After a decision to go out of the pulpwood business and into the business of manufacturing fence posts, the taxpayer assigned its contract to...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 152 - Subsection 152(1.1) 54

Administrative Policy

30 March 1994 Internal T.I. 9407577 - PLAYER CONTRACTS - PROCEEDS OF DISPOSITION

Proceeds received for player contracts on the sale of a sports team will give rise to a capital gain.

7 February 1992 TI (Tax Window, No. 16, p. 19, ΒΆ1739)

Proceeds from the sale of player contracts when disposed of as part of the sale of a business would normally be on account of capital.

Articles

Ian Gamble, "Income from a Business or Property: General Principles and Current Issues", 2014 Conference Report, Canadian Tax Foundation, 5:1-32

Break fees referable to pre-acquisition agreement (pp.5:23-24)

Break fees arise in the public corporation marketplace. They are routinely...

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