Matte v. The King, 2025 TCC 16 -- summary under Investment Contract
forgivable advances to employee were loans
In finding that non-interest-bearing amounts advanced to the taxpayer by his predecessor employers, as evidenced by promissory notes (the...
Words and Phrases
loan| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 6 - Subsection 6(15) | the settlement of forgivable advances to an employee for less than the outstanding amounts produced s. 6(15) income | 399 |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(26) | deeming of taxpayer liability to be an obligation | 82 |