CAE Inc. v. The Queen, 2021 TCC 57, aff'd 2022 CAF 178 -- summary under Investment Contract
advance labelled by government as a "contribution" but unconditionally repayable was a loan
CAE, which was engaged in manufacturing flight simulator systems, incurred over $700 million in R&D expenditures on further developing such...
Words and Phrases
loan| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 127 - Subsection 127(9) - Government Assistance | an unconditionally repayable loan with a 2.5% yield was government assistance | 312 |
| Tax Topics - Income Tax Act - Section 37 - Subsection 37(1) - Paragraph 37(1)(d) | loan with non-commercial terms was government assistance when advanced | 283 |