Garon, T.C.C.J.:—This appeal is governed by the provisions of the Tax Court of Canada Act and the Tax Court of Canada Rules applicable to the informal procedure.

Taylor, J. (orally):—These are appeals heard on common evidence from David Collins and Judith Collins with respect to the taxation years 1983 through 1986. The point is that during those years, as partners in a business called Princess Yachts, they

Bonner, T.C.C.J.:—This is an appeal from an assessment under the Income Tax Act, R.S.C. 1952, c. 148 (am. S.C. 1970-71-72, c. 63) (the "Act") for the 1987 taxation year. In 1987 the appellant bought three parcels of real estate which

Teskey, T.C.C.J.:—The appellant elected to have his appeals against assessments for 1985 and 1989 heard pursuant to the informal procedure.

Sobier, T.C.C.J. (orally):—The Court is now prepared to give reasons for judgment in Lake Superior Investments Ltd. versus the Minister of National Revenue, 90-74(IT).

Sobier, T.C.C.J.:—The appellant appeals from an assessment by the Minister of National Revenue (the" Minister”) for her 1985 taxation year with respect to matters set out in full below.

Brulé, T.C.C.J.:—These appeals result from assessments by the Minister of National Revenue ("respondent") in which the appellants were assessed on gains from the sales of real property as income whereas the appellants claimed the gains as being capital in

Mogan, T.C.C.J.:—The appeals of 343877 Ontario Ltd. v. M.N.R. and 343878 Ontario Ltd. v. M.N.R. and 364256 Ontario Ltd. v. M.N.R. were heard together on common

Christie, A.C.J.T.C.C.:—The taxation years under appeal by Mid-Western News Agency Ltd. ("Mid-Western") are 1981, 1982, 1983, 1984 and the taxation years under appeal by Regina News Ltd. ("Regina News") are 1981, 1982, 1983. These appeals were heard together.

Rip, T.C.C.J.:—The issue in this appeal from an assessment of income tax for 1989 is whether the Minister of National Revenue (" Minister”), the respondent, was correct in considering that a “retiring allowance”, as defined in subsection 248(1) of the Income