Potash Corporation of Saskatchewan Inc. v. Canada, 2024 FCA 35 -- summary under Income-Producing Purpose

Summary Under
Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Income-Producing Purpose
provincial tax that would be incurred only if sales were made, i.e., only if there was income, was not deductible

The taxpayer (PCS), which produced and sold potash from mines in Saskatchewan, was subject to both a profit tax and to the making of “base...

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Words and Phrases
income