Rent-free accommodation provided by a company to its shareholder with respect to a home constructed by the company was a taxable benefit. $350 per month was added to the taxpayer's income.
The amount of a loan, made by a company to its shareholder for the purchase by him of a home for occupation by his family, was added to his income.
S.20(1)(n) was found to be available where a portion of the sale price of land was payable on "or before" a day in the subsequent taxation year.
A building contractor who built and sold, in relatively quick succession, two homes which he and his family occupied, had the full amount of the gains included in his income as ordinary income.