Payment & Receipt

payment by partnership of withholding tax treated as a distribution to its partners

daylight loan circled 4 times

there can be no payment by direction unless there is an antecedent obligation by the creditor to the third party

in Quebec, a cheque is not payment until the debtor’s account is debited

in-house re-circulating daylight loan used to fund a loss-shifting transaction

salary paid into her husband’s bank account was constructively received by the employee

amounts “received” under EBP if unrestricted right to receive

Teleglobe applied to find that amount paid by corporation on conversion of convertible debentures was the shares’ stated capital

set-off does not constitute payment unless the parties so agree

forfeited salary nonetheless includible as salary received