Meilleur v. The Queen, 2016 TCC 287 -- summary under Subparagraph 20(1)(p)(ii)

Summary Under
Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(p) - Subparagraph 20(1)(p)(ii)
retired individuals making 5 high-yield loans on a pooled basis lacked a money-lending business

Beginning in 2006, the two married taxpayers (Susan and Barry) used their retirement funds and borrowed money to make advances to two real estate...

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Words and Phrases
loan