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A debt is considered bad for the purpose of section 50 only when the whole amount is uncollectible or when a portion of it has been settled and the remainder is uncollectible. Otherwise, where a portion of a debt can be considered uncollectible, this portion is not considered to be bad for the purpose of section 50 even though accounting practice may require a write-down to realizable value. Where an amount owing by one debtor consists of more than one debt, each debt is considered separately in determining the extent to which the above comments apply. ...

Subparagraph 15(1)(c)(ii) provides that the rights are not considered to be identical if the cost of acquiring the rights differs. ... In these circumstances, paragraph 15(1)(c) is still considered to apply provided that rights are in fact issued to the non-resident shareholders and they are entitled to sell such rights. ... However, when the underlying shares are not capital property to the holder, the rights are not considered to be capital property, and the gain on their disposition is considered to be on account of income. ...

A debt is considered bad for the purpose of section 50 only when the whole amount is uncollectible or when a portion of it has been settled and the remainder is uncollectible. Otherwise, where a portion of a debt can be considered uncollectible, this portion is not considered to be bad for the purpose of section 50 even though accounting practice may require a write-down to realizable value. Where an amount owing by one debtor consists of more than one debt, each debt is considered separately in determining the extent to which the above comments apply. ...

Subparagraph 15(1)(c)(ii) provides that the rights are not considered to be identical if the cost of acquiring the rights differs. ... In these circumstances, paragraph 15(1)(c) is still considered to apply provided that rights are in fact issued to the non-resident shareholders and they are entitled to sell such rights. ... However, when the underlying shares are not capital property to the holder, the rights are not considered to be capital property, and the gain on their disposition is considered to be on account of income. ...

If, however, the wheat is exchanged for a new refrigerator for the taxpayer's house, the value of the refrigerator would be considered a personal or living expense and not deductible by virtue of paragraph 18(1)(h). ... An amount received or receivable (depending on the method regularly followed in computing income) by a taxpayer in the business of farming as compensation, under statutory authority for the forced destruction of livestock (such as under the Animal Contagious Disease Act), is considered to be income. ... The sale of the actual quota by a farmer would be considered to be the disposition of an eligible capital property. ...

If, however, the wheat is exchanged for a new refrigerator for the taxpayer's house, the value of the refrigerator would be considered a personal or living expense and not deductible by virtue of paragraph 18(1)(h). ... An amount received or receivable (depending on the method regularly followed in computing income) by a taxpayer in the business of farming as compensation, under statutory authority for the forced destruction of livestock (such as under the Animal Contagious Disease Act), is considered to be income. ... The sale of the actual quota by a farmer would be considered to be the disposition of an eligible capital property. ...

Furthermore, only the portion of the lesser of these amounts that can reasonably be considered to relate to the amount owing under the loan is deductible. ... Former No 8 provided that in certain situations, the unused portion of a line of credit could be considered for the purpose of determining the deductible portion of the insurance premium. However, under paragraph 20(1)(e.2) only the portion of the life insurance premium that may reasonably be considered to relate to the amount owing may be deductible. ...

Furthermore, only the portion of the lesser of these amounts that can reasonably be considered to relate to the amount owing under the loan is deductible. ... Former No 8 provided that in certain situations, the unused portion of a line of credit could be considered for the purpose of determining the deductible portion of the insurance premium. However, under paragraph 20(1)(e.2) only the portion of the life insurance premium that may reasonably be considered to relate to the amount owing may be deductible. ...

The phrase "club, society or association" is also considered general enough to include a corporation. ¶ 1. ... Such an association is normally considered to be an extension of the members' sales organizations and will be considered to be carrying on a normal commercial operation. ... It also discusses some of the factors that are considered when determining whether such an organization is tax-exempt in a particular year. ...

The phrase "club, society or association" is also considered general enough to include a corporation. ¶ 1. ... Such an association is normally considered to be an extension of the members' sales organizations and will be considered to be carrying on a normal commercial operation. ... It also discusses some of the factors that are considered when determining whether such an organization is tax-exempt in a particular year. ...