Beaubier, J.T.C.C.:—This matter was heard in Toronto, Ontario on March 22 and 23, 1994. It is an appeal pursuant to the General Procedure of this Court. The appellant ("Antrex") called as witnesses Antonio Montemarano, its president and director, and Thomas Hall, C.A.,

Teskey, J.T.C.C.:— The appellant appeals its assessment of income tax for its fiscal year ending December 31, 1982.

Mogan, J.T.C.C.:— The appeals of Moffat v. The Queen (court file 92-1286), and 398827 Ontario Ltd. v. M.N.R. (court file 90-1253), were heard together on common evidence. In these reasons for

Hamlyn, J.T.C.C.:—The essence of these appeals lies with the taxpayer’s disagreement with the fair market value determined by Revenue Canada on real properties transferred, as well as, in particular whether the appellant had a beneficial interest in two of the

McArthur, J.T.C.C.:— Joint Trawlers Inc. (the "company") paid cash dividends to its only two shareholders Marget Davis and Herbert Davis in 1985 and 1986. On November 11, 1986, the company was assessed a total tax liability of $36,543.88 for its 1985

Bowman, J.T.C.C.:—This appeal is from an assessment for the appellant's 1989 taxation year. It has to do with the deductibility of certain expenses or losses incurred by him in connection with a vessel which he intended to use in a fishing

Rowe, D.J.T.C.C.:— The respondent, upon notice of motion, pursuant to the Rules pertaining to appeals under the General Procedure of the Court, applied for an order:

Sarchuk, J.T.C.C.:—At issue in this appeal is the claim of the appellant to deduct for tax purposes the amounts of $16,412.94, $18,366.53 and $18,245.15 in the 1983, 1984 and 1985 taxation years respectively.

Lamarre Proulx, J.T.C.C.:— The appeals of Guy Faucher for the 1986, 1987 and 1988 taxation years were heard at the same time as that of Michel Daviault. The latter appealed in respect of the 1988 taxation year and the ground for his appeal