Lamarre Proulx T.C.J.:

1 These are appeals from reassessments by the Minister of National Revenue (the “Minister”) for the 1992 and 1993 taxation years.

2 The point for determination is whether the appellant may deduct business losses of $9,930 for 1992 and $7,431 for 1993 in computing his income for those years.

Hamlyn T.C.J.:

1 This appeal is with respect to the Appellant's 1988 and 1989 taxation years. The Appellant, a publicly traded company, has formerly been known by such names as Portcomm Communications Corporation Limited (“Portcomm”), Hal Roach Studios Corp., and HRS Industries Inc.

McArthur T.C.J.:

1 In assessments for the 1990 and 1991 taxation years of Anita Franklin, the Appellant, was disallowed deductions for losses in the amounts of $41,379.00 and $66,855.00, respectively, which assessments she is appealing.

Rowe T.C.J. (Orally):

1 HIS HONOUR: The appellant appeals with respect to an assessment of income tax for the 1994 taxation year. In that particular year, in computing income, the appellant deducted the amount of $8,345.00 as a business loss, and claimed a rental loss in the sum of $10,147.00.

2 The deduction of the business loss arose from a claim relating to the appellant's investment in a purported business connected with a band known as “Big Medicine”.

Beaubier T.C.J.:

1 This appeal pursuant to the Informal Procedure was heard at Regina, Saskatchewan on February 16, 1998. The Appellant and Raymond Harding testified for the Appellant. The Respondent called an appraiser of farm property, John Grey to testify.

Rip T.C.J.:

Bonner T.C.J.:

1 This is an appeal from an assessment under the Income Tax Act (“Act”) for the Appellant's 1994 taxation year. In his return of income for that year the Appellant elected to report a capital gain on property (the Leland Hotel) owned by him on February 22, 1994. The designated proceeds of disposition were $150,000, the adjusted cost base was $61,000 and the elected capital gain was $89,000. The taxable capital gain, being 75% of $89,000 was $66,750.

Rouleau J.:

1 This is an appeal from a Tax Court of Canada decision dismissing the plaintiff's appeal concerning a notice of reassessment issued by the Minister of National Revenue (“the MNR”) for the 1980 location year in relation to the appropriation of funds of a corporation controlled by the plaintiff.

Archambault T.C.J.:

Bowman T.C.J.:

1 These appeals were heard together and concern assessments for the 1991, 1992 and 1993 taxation years. The issue is the deductibility of losses sustained by the appellants from the rental of property.

2 Marvin Saunders is an engineer with INCO Limited, Judith Saunders, his wife, teaches school. Their combined annual incomes in the years in question were over $100,000.