Income Tax Technical News, No. 12 under "Meals and Beverages at Golf Clubs"

"A 'facility' will not include the dining room, banquet halls, conference rooms, beverage rooms or lounges of a golf club and, thus, the deduction of the cost of meals and beverages incurred at a golf club will not be denied under the provisions of subparagraph 18(l)(i)."

If a particular software program is only restored to its original condition so that it performs the same applications but the problems of the millennium bug have been eliminated, the expenditures incurred to eliminate the bug would normally be considered to be of a current nature".

"Amounts referred in subparagraph 53(1)(e)(viii) will not increase the ACB of the partner's interest in the partnership until after the end of the relevant fiscal period of the partnership." However, where a partnership is dissolved under s. 98(3) there will be a timely adjustment under s. 53(1)(e)(viii) provided that a fiscal period of the partnership ends after the distribution of partnership assets to the partner and prior to the partnership interest being disposed of by the partner on dissolution of the partnership.