Teleglobe Canada Inc. v. R., 2002 DTC 7517, 2002 FCA 408 -- summary under Adjusted Cost Base
cost of assets acquired was the stated capital of the shares issued therefor, being the agreed transaction value
In connection with a privatization transaction and at a time that it was still owned by the federal Crown, the taxpayer purchased assets for a...
Words and Phrases
cost| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 14 - Subsection 14(5) - Cumulative Eligible Capital | cost of assets purchased with treasury shares was the agreed purchase price being the shares’ stated capital | 238 |