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It is necessary, I think, to set out in some detail the history of Winley Limited and the connection of the Schroder family therewith. ...

In that connection, reference may be made to Edwards (Inspector of Taxes) v. ...

I referred to the fact that the word is used in many senses and cited a statement in Lindley 9 s Law of Companies, 6th Edition, at page 543: “The idea underlying the various meanings of the word 4 capital’ in connection with a company is that of money obtained or to be obtained for the purpose of commencing or extending a company’s business as distinguished from money earned in carrying on its business.’’ ...

Although the applicant did not demonstrate how the OSDP’s financial support of his Uber driving occurred, even assuming a connection, his Uber income was not in excess of $5,000 in any of 2018, 2019 or the 12 months leading up to his application, and the OSDP payments themselves did not fall within the specified sources of income prescribed by Parliament in the two statutes: Flock, at paras 3, 4 and 7; Davis v. ...

Ben‑Menashe contends the Minister failed to disclose information in connection with three central grounds that were relied on to obtain the Order, namely, (i) the large disbursements from Mr. ...

The Motion before the Tax Court [2] In 2018, the Minister of National Revenue (Minister) reassessed each of John Preston, Monika Preston, and The Preston Family Trust II (Trust), the respondents in this appeal, under the Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.) in connection with transactions undertaken in 2014. ...

Each destination seemed to include a vacation component and/or had a strong personal connection such that the business purpose offered to the Court was sometimes strained to the point of not being credible. [55] With respect to the motor vehicle usage, no contemporaneous logs were kept. ...

Thus the conditions precedent set out in paragraph 231.7(1)(a) of the ITA for the issuance of compliance orders have not been met. [17] The Minister, on the other hand, asserts that the audit powers under section 231.1 are not limited to merely requiring the production of pre-existing documents, but extend to compelling the provision of information that is or should be in a taxpayer’s books and records. [18] For ease of reference, I have reproduced subsections 231.1(1) and 231.2(1) as they read when the requests were sent: Inspections Enquêtes 231.1 (1) An authorized person may, at all reasonable times, for any purpose related to the administration or enforcement of this Act, 231.1 (1) Une personne autorisée peut, à tout moment raisonnable, pour l’application et l’exécution de la présente loi, à la fois: (a) inspect, audit or examine the books and records of a taxpayer and any document of the taxpayer or of any other person that relates or may relate to the information that is or should be in the books or records of the taxpayer or to any amount payable by the taxpayer under this Act, and a) inspecter, vérifier ou examiner les livres et registres d’un contribuable ainsi que tous documents du contribuable ou d’une autre personne qui se rapportent ou peuvent se rapporter soit aux renseignements qui figurent dans les livres ou registres du contribuable ou qui devraient y figurer, soit à tout montant payable par le contribuable en vertu de la présente loi; (b) examine property in an inventory of a taxpayer and any property or process of, or matter relating to, the taxpayer or any other person, an examination of which may assist the authorized person in determining the accuracy of the inventory of the taxpayer or in ascertaining the information that is or should be in the books or records of the taxpayer or any amount payable by the taxpayer under this Act, b) examiner les biens à porter à l’inventaire d’un contribuable, ainsi que tout bien ou tout procédé du contribuable ou d’une autre personne ou toute matière concernant l’un ou l’autre dont l’examen peut aider la personne autorisée à établir l’exactitude de l’inventaire du contribuable ou à contrôler soit les renseignements qui figurent dans les livres ou registres du contribuable ou qui devraient y figurer, soit tout montant payable par le contribuable en vertu de la présente loi; and for those purposes the authorized person may à ces fins, la personne autorisée peut: (c) subject to subsection 231.1(2), enter into any premises or place where any business is carried on, any property is kept, anything is done in connection with any business or any books or records are or should be kept, and c) sous réserve du paragraphe (2), pénétrer dans un lieu où est exploitée une entreprise, est gardé un bien, est faite une chose en rapport avec une entreprise ou sont tenus ou devraient l’être des livres ou registres; (d) require the owner or manager of the property or business and any other person on the premises or place to give the authorized person all reasonable assistance and to answer all proper questions relating to the administration or enforcement of this Act and, for that purpose, require the owner or manager to attend at the premises or place with the authorized person. d) requérir le propriétaire, ou la personne ayant la gestion, du bien ou de l’entreprise ainsi que toute autre personne présente sur les lieux de lui fournir toute l’aide raisonnable et de répondre à toutes les questions pertinentes à l’application et l’exécution de la présente loi et, à cette fin, requérir le propriétaire, ou la personne ayant la gestion, de l’accompagner sur les lieux. ...

Legislation: [27] Sections 7 and 8 of the Charter set out the following: 7 Everyone has the right to life, liberty and security of the person and the right not to be deprived thereof except in accordance with the principles of fundamental justice. 8 Everyone has the right to be secure against unreasonable search or seizure. 7 Chacun a droit à la vie, à la liberté et à la sécurité de sa personne; il ne peut être porté atteinte à ce droit qu’en conformité avec les principes de justice fondamentale. 8 Chacun a droit à la protection contre les fouilles, les perquisitions ou les saisies abusives. [28] Sections 231.1 and 231.2 of the Act provide as follows: Inspections 231.1 (1) An authorized person may, at all reasonable times, for any purpose related to the administration or enforcement of this Act, (a) inspect, audit or examine the books and records of a taxpayer and any document of the taxpayer or of any other person that relates or may relate to the information that is or should be in the books or records of the taxpayer or to any amount payable by the taxpayer under this Act, and (b) examine property in an inventory of a taxpayer and any property or process of, or matter relating to, the taxpayer or any other person, an examination of which may assist the authorized person in determining the accuracy of the inventory of the taxpayer or in ascertaining the information that is or should be in the books or records of the taxpayer or any amount payable by the taxpayer under this Act, and for those purposes the authorized person may (c) subject to subsection 231.1(2), enter into any premises or place where any business is carried on, any property is kept, anything is done in connection with any business or any books or records are or should be kept, and (d) require the owner or manager of the property or business and any other person on the premises or place to give the authorized person all reasonable assistance and to answer all proper questions relating to the administration or enforcement of this Act and, for that purpose, require the owner or manager to attend at the premises or place with the authorized person. ...

Clause 3.1 of the Partnership Agreement states that one of the purposes for which the Partnership was formed was to “acquire the Project Assets [i.e. the Lands and related contracts], pursue all approvals required in connection with the development of the [Taylor] Project and, as soon as possible, proceed with the development, construction and financing of the [Taylor] Project and the marketing and sale of the Strata Lots or other interests in the [Taylor] Project.”- The Appellant made a $5 capital contribution in respect of its 5% Partnership interest and Taylor made a $95 capital contribution in respect of its 95% Partnership interest. ...