84 C.R. - Q.41

The cost of a "warehouser" in making an SRTC issue is deductible from the gain realized in purchasing an SRTC security.

On an SRTC "quick flip", assuming $100 was borrowed and $55 received on redemption and used for the purpose of earning income from business or...

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An expenditure generally is "made" when it is "incurred", i.e., the accrual basis applies.

Those who as a result of a course of conduct have a pattern of buying and selling may be precluded from electing.

The gain to an investor/purchaser on "quick flip" (SRTC) investments is income.

Notwithstanding the "wholly attributable" requirement, where a specific area within a building is set aside exclusively for R&D for the...

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