MNR v. Colford Contracting Co. Ltd., 60 DTC 1131, [1960] CTC 178 (Ex Ct), briefly aff'd 62 DTC 1338, [1962] CTC 546 (SCC) -- summary under Paragraph 12(1)(b)

Summary Under
Tax Topics - Income Tax Act - Section 12 - Subsection 12(1) - Paragraph 12(1)(b)
amount is receivable when an absolute, although not necessarily immediate, right to receive

Holdbacks on contracts for the installation of heating and plumbing systems became "receivable" when the architect's or engineer's certificates...

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Words and Phrases
receivable
Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 9 - Timing 25