7958501 Canada Inc. v. Agence du revenu du Québec, 2020 QCCQ 2424, aff'd 2022 QCCA 315

Case History

Case tabs

Summaries

Summary Under

software whose development was deducted under s. 37 could be stepped up on a related-party transfer notwithstanding s. 13(7)(e)

The taxpayer (“501”) was formed to acquire the intellectual property (computer programs, trademark and knowhow) of a related corporation...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under

s. 37 claims in developing software precluded it from being depreciable property

A private company (“SherWeb”), which provided the use of software developed by it to paying subscribers, transferred its software and other IP...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under

software created through currently deductible salary expense was disposed of as eligible capital property rather than depreciable property

A private company (“SherWeb”), which provided the use of software developed by it to paying subscribers, transferred its software and other IP...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.