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It has also been said that an expenditure which benefits more than one accounting period is considered a capital outlay. ...

Provision of the information to that officer at the time of his attendance at your office will be considered as compliance with this requirement, if your acknowledgment is received on or before December 8, 1980. ...

When any case may be doubtful upon a statute four things can be gleaned by Heydon’s case (supra at fo 7b) which are to be discerned and considered: (1) the state of the law before the enactment, (2) what was the mischief and defect which the prior existing law did not provide, (3) what remedy Parliament provided to cure the defect, and (4) the true reason for the remedy. ...

DISCUSSION   [17]            Lump sum payments to an employee may be considered as employment income, retirement allowance, or liquidated damages, or indeed a payment may have a dual purpose depending on the circumstances. ...

(c)     Integral Part or Separate Asset — Another point that may have to be considered is whether the expenditure is to repair a part of a property or whether it is to acquire a property that is itself a separate asset. ...

However, it is apparent from the evidence, oral and documentary, and the position advanced by the appellant that the appellant considered the vehicles as payments, in depreciable items, to her sons for tasks performed thus enabling the business to earn income by controlling costs. [4]   [16]         Another concern with the respondent’s position is that it fails to factor in the detailed explanation of the tasks that the appellant’s sons performed. ...

., 83 DTC 5041, which considered the meaning of the words "in respect of", which are found in the exemption in subparagraph 212(1)(d)(vi) ...

First, in order to allow the matter to proceed as scheduled rather than adjourning the matter to allow the respondent to file amended replies, so as to eliminate any doubt, I ruled that the respondent would not be considered to have admitted any allegations in the amended notices of appeal.    ...

Nonetheless, when considered against the relevant legal background, the evidence unmistakably indicates that Mr Rose transferred the entirety of his interest in the property. ...

Issues Are the amounts of $31,395 in respect of 1980, and $142,800 (revised at trial from $154,000) in respect of 1981, representing the difference between the purchase price of 26,164 shares acquired by the plaintiff in 1980, and 56,000 shares acquired by him in 1981, both acquired under the standby arrangement at 25 cents per share, and their market value on the date of purchase, income of the plaintiff because they were received by him (1) in respect of, in the course of, or by virtue of his “office or employment", thus bringing them within paragraph 6(l)(a) of the Income Tax Act and excluding them from the protection of subsection 7(5) of the Act so that they would also be considered income Within paragraph 7(1)(a); (2) as a "benefit or advantage... conferred on a shareholder" by the corporation, thus bringing them within paragraph 15(1)(c) of the Act; or (3) as profit from a "business" (within subsection 9(1)) as defined by subsection 248(l) to include “an adventure or concern in the nature of trade”. ...