Lamarre Proulx J.T.C.C.:—The appellant is appealing by way of the informal procedure from the assessments of the Minister of National Revenue (the ’’Minister") for the years 1990 and 1991.

Bonner J.T.C.C.:—This is an appeal from an assessment of income tax for the appellant’s 1988 taxation year. The issue is whether shares of Pursuit Fisheries (1987) Ltd. ("Pursuit") which were sold by the appellant on November 4, 1988 were, at the time

Sobier J.T.C.C.:—The appellant appeals from the assessments by the Minister of National Revenue (the "Minister”), for her 1988 taxation year whereby the Minister disallowed the deduction of the amount of $8,499 as a net capital loss for other years ("loss

Tremblay J.T.C.C.:-This appeal was heard pursuant to the informal procedure on March 28, 1994, in Québec City, Quebec.

Dussault J.T.C.C.:—This is an appeal from an assessment for the appellant’s 1987 taxation year. The case essentially concerns the method used by the Minister of National Revenue (the "Minister") to determine the tax under Part IV of the

Teskey J.T.C.C.:-This appeal was heard under the informal procedure.

Tremblay J.T.C.C.:—This appeal was heard in Montréal, Quebec on May 9, 1994.

Archambault J.T.C.C.:-These are appeals governed by the old rules of procedure disputing income tax assessments issued by the respondent for the 1985, 1986 and 1987 taxation years.

Tremblay J.T.C.C.:-This appeal was heard on March 30, 1994, in Québec City, Quebec.

I. Point at issue

The point at issue is whether the appellant was correct