Cases
Desnomie v. Canada, 2000 DTC 6250 (FCA)
Rothstein J.A. applied (at p. 6256) the determination in Pioneer Laundry & Dry Cleaners Ltd. v. MNR, [1939] 4 DLR 481 (HL) that "in a taxing...
Colbert v. The Queen, 94 DTC 6620, [1994] 2 CTC 345 (FCTD)
Before finding, on the evidence, that the taxpayer had transferred all the assets of his chicken farm business to a corporation other than the...
The Queen v. Jennings, 94 DTC 6507, [1994] 2 CTC 106 (FCA)
In finding that losses of an incorporated farm business could not be deducted by the individual who had incorporated the business, Robertson J.A....
The Queen v. MerBan Capital Corp. Ltd., 89 DTC 5404, [1989] 2 CTC 246 (FCA)
The taxpayer ("MerBan") in connection with a leveraged share acquisition arranged for borrowings to be made to two special purpose subsidiaries in...
Tobias v. The Queen, 78 DTC 6028, [1978] CTC 113 (FCTD)
"... I cannot accept the proposition that the Company carried on a hobby as agent for the plaintiff for to do so would be to disregard the very...
Bank Voor Handel En Scheepvaart v. Slatford, [1951] 2 All E.R. 779
Devlin J. affirmed the principle that the assets of a company are not the assets of a shareholder and accepted as correct a statement by the...
See Also
K.J. Beamish Construction Co. Ltd. v. MNR, 90 DTC 1584, [1990] 2 CTC 2199 (TCC)
In light of the "fundamental principle laid down in Salomon v. A. Salomon and Company Limited, [1897] AC 22 that a corporation is regarded in law...
Articles
Perry, "Capitalization and Asset Acquisitions for New Private Corporations", 1993 Conference Report, C. 22
Discussion (at pp. 7-11) of the corporate veil.
Commentary
Since the time of the Salomon case it has been well established that a corporation is regarded in law as a legal entity with a personality of its...