Computation of Profit

capitalized interest is not a deduction in computing income by virtue of inclusion in cost of goods sold

holder on income account of a mortgage can choose to recognize the discount only after he has recovered his purchase price through the blended principal payments

deposit of crypto into a pooling vehicle for receipt tokens, and a subsequent exchange of the receipt tokens for underlying tokens, are barter exchanges under IT-490

conversion of automobile in car inventory to personal use of CEO would not entail its deemed disposition nor would the conversion of car inventory to personal use of shareholders

onus on taxpayer, who did not keep records, to displace the net worth assessment method results

transactions can be recorded at the average exchange rate provided that a year end adjustment is made

only gain that accrued after professional engineers started preparing subdivision sketches was on income account

payments under the Canadian Farm Families Options Program were business income to those with a farming source of income

unclear whether the FMV of options issued in consideration for purchases of property or services is the cost thereof

IT-218R preferred over CAE