Kennedy v. MNR, 73 DTC 5359, [1973] CTC 437 (FCA)

A company conferred a benefit on its sole shareholder by inter alia gratuitously making improvements to land held leased by him to the company...

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The taxpayer's company acquired a property at a net cost of $159,000 and converted it for use in a car dealership at a cost of $185,000, so that...

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In contrasting the determination of income under s. 8(1) (now s. 15(1)) and s. 9, Jackett C.J. stated:

"In the case of 'income', it is assumed, in...

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