Stark International Inc. v. The Queen, 2019 TCC 248 -- summary under Paragraph (c)

Summary Under
Tax Topics - Income Tax Act - Section 127 - Subsection 127(9) - Qualified Property - Paragraph (c)
a use test could be applied by looking beyond the property’s immediate intended use

In order to be Class 43 depreciable property, oil processing equipment of the taxpayer had to qualify as property acquired by the taxpayer to be...

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Words and Phrases
use
Locations of other summaries Wordcount
Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 29 oil-processing equipment was for sale even though initial use was to process customer's oil 673