Cases
The Queen v. Donohue Normick Inc., 96 DTC 6061 (FCA)
Seventeen spare parts having a cost in excess of $1 million that the taxpayer purchased to be held until such time as identical parts in a...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 29 | 113 |
Stearns Catalytic Ltd. v. The Queen, 90 DTC 6286, [1990] 1 CTC 398 (FCTD)
A stock of spare parts which the taxpayer kept on hand more or less permanently for potential use in the event of machine or equipment failure...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Accounting Principles | 39 | |
| Tax Topics - Income Tax Act - Section 10 - Subsection 10(5) | 141 | |
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Inventory | 58 | |
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 29 | stock of spare property was not property "to be used" in M&P | 133 |
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 1 - Paragraph 1(q) | 56 | |
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 8 | 177 | |
| Tax Topics - Statutory Interpretation - Interpretation Act - Section 16 | 61 |
Sigma Exploration Ltd. v. The Queen, 75 DTC 5121, [1975] CTC 215 (FCTD)
The taxpayer, which carried out seismic surveys primarily on its own account and then sold the information so obtained to other companies, was...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 245 - Old | 145 |
Longueuil Meat Exporting Co. Ltd. v. The Queen, 74 DTC 6421, [1974] C.TC. 486 (FCA), aff'd 76 DTC 6145, [1976] CTC 193 (SCC)
The sum of $500,000, which the taxpayer paid to acquire the shares of a competitor, was held to be a capital expenditure. Jackett, C.J. stated:...
See Also
Graham v. R., 97 DTC 1258, [1998] 1 CTC 2333 (TCC)
Amounts expended by the taxpayers in order to receive an assignment of a portion of damages that might be received by the assignor under a law...
Hinton v. Maden & Ireland, Ltd. (1959), 38 TC 391 (HL)
Expenditures which the taxpayer made to a acquire, on a recurring basis, knives and lasts which were used in conjunction with its machinery to...
Administrative Policy
16 November 1994 Internal T.I. 9414677 - FILM RIGHTS
"The acquisition of program rights as described in Class 14 constitutes the acquisition of capital property and unless these properties are...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(cc) | CRTC representation costs instead part of cost of licence | 31 |
| Tax Topics - Income Tax Regulations - Schedules - Schedule II - Class 14 | 64 |
IT-283R2 "Capital Cost Allowance - Video Tapes, Videotape Cassettes, Films, Computer Software and Master Recording Media"
Ordinarily, a taxpayer in the business of producing and marketing software for sale should include in inventory those development and software...