Stearns Catalytic Ltd. v. The Queen, 90 DTC 6286, [1990] 1 CTC 398 (FCTD) -- summary under Class 29

Summary Under

stock of spare property was not property "to be used" in M&P

A stock of spare parts which the taxpayer kept on hand for potential use in the event of machine or equipment failure did not qualify as property...

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Words and Phrases

Locations of other summaries		Wordcount
Tax Topics - General Concepts - Accounting Principles		39
Tax Topics - Income Tax Act - Section 10 - Subsection 10(5)		141
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(b) - Capital Expenditure v. Expense - Capital Asset v. Inventory		34
Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Inventory		58
Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 1 - Paragraph 1(q)		56
Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 8		177
Tax Topics - Statutory Interpretation - Interpretation Act - Section 16		61

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