Couture C.J.T.C.C.: — This is an appeal pursuant to the rules of the informal procedure from an assessment issued by the respondent under subsection 224(4) of the Income Tax Act, the “Act”. The relevant legislation reads:

Rip J.T.C.C.: — Redclay Holdings Limited (“Redclay”) appeals from an income tax assessment of its 1988 taxation year and determinations of losses by the Minister of National Revenue (“Minister”) in respect of its 1986 and 1987 taxation years. The issues

Bowman J.T.C.C.: — These appeals are from assessments for the appellant’s 1990 and 1991 taxation years. The issue is the deductibility of interest paid on loans made to the appellant by Niagara Credit Union Limited. The purpose of the loans was

Tremblay J.T.C.C.: — This appeal was heard on November 15, 1995, at Montreal (Quebec).

O’Connor J.T.C.C.: — This appeal was heard in Regina, Saskatchewan on January 18, 1996 pursuant to the Informal Procedure of this Court.

Brulé J.T.C.C.: — This appeal involves a reassessment of the Appellant’s 1990 taxation year. It is to be determined on the basis of whether or not the Appellant who disposed of certain shares in 1990 suffered an income loss rather than a

Bell J.T.C.C.: — The Appellant has appealed the reassessment of its 1988 taxation year ending December 31, 1988. The Minister of National Revenue (“Minister”), in reassessing, treated the sums of $59,523,409 and $23,232,706 (totalling $82,756,115) as proceeds of

Lamarre Proulx J.T.C.C.: — These are appeals concerning the 1988, 1989 and 1990 taxation years of the Appellant.

Bonner J.T.C.C.: — This is an appeal from an assessment of income tax for the 1992 taxation year. In his return of income for that year the appellant claimed to deduct $30,768 as an allowable business investment loss (“ABIL”). The deduction

Teskey J.T.C.C.: — The Appellant elected to have his appeal from assessment of income tax for the year 1992 heard pursuant to the informal procedure.