Mitchell Sherman, Kenneth Saddington, "100 1 Damnations!", Corporate Finance, Volume XVIII, No. 3, 2012, p. 2126

Summary Under
Tax Topics - Income Tax Act - Section 100 - Subsection 100(1)

Before turning to the 2012 amendments, they gave an overview of the anomalous character of the existing rule:

… First it does not actually...

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Summary Under
Tax Topics - Income Tax Act - 101-110 - Section 101 - Subsection 101(1)

… First it does not actually require the partnership to have a latent income gain – a partnership which owns only depreciable property is...

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