Canada v. Fries, 90 DTC 6662, [1990] 2 SCR 1322, [1990] 2 CTC 439 -- text
Lamer, C.J.C. [Orally]: —The judgment of the Court will be delivered by Mr. Justice Sopinka.
Lamer, C.J.C. [Orally]: —The judgment of the Court will be delivered by Mr. Justice Sopinka.
HALL, J. (all coneur) :—These are appeals by the Minister of National Revenue from judgments of the Exchequer Court of Canada in the following cases:
Bowie T.C.J.:
The issue raised by this appeal is whether the amounts expended by the Appellant company during its 1992 taxation year for the purchase of two fishing licences should be characterized as being on income or on capital account.