Merchant v. The Queen, 2009 DTC 282, 2009 TCC 31 -- summary under Subsection 5(1)
advance is current remuneration if repayable only out of future earnings
In finding that loans made to the taxpayer by his employer were employment income to him when received, Webb, J. stated (at para. 22):
"in a...
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loan| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 5 - Subsection 5(1) | 137 |