McNeill v. The Queen, 2000 DTC 6211 (FCA)

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Summaries

Summary Under

damages from contractual breach were deductible

Some years after the taxpayer sold his chartered accountancy practice to another firm, he was ordered to pay damages and costs of $465,908 in...

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Summary Under

Some years after the taxpayer sold his chartered accountancy practice to another firm, he was ordered to pay damages and costs of $465,908 in...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under

deductible damages for breach of non-compete

Damages paid by the taxpayer as a result of breaching a non-compete covenant were deductible. Rothstein J.A. found that the analysis in 65302...

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Summary Under

damages incurred to keep clients were deductible

After noting that the Tax Court had found that the taxpayer's objective in breaching these covenants was to keep his clients and his business,...

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