Section 80.3

Subsection 80.3(2) - Income deferral from the destruction of livestock

Administrative Policy

20 November 1991 T.I. (Tax Window, No. 13, p. 19, ΒΆ1602)

S.80.3 is broad enough to apply where Agriculture Canada has ordered the destruction of livestock in exchange for a guaranteed price per animal, and the taxpayer chooses to use a slaughterhouse, and to receive compensation from the slaughterhouse that is less than or greater than the guaranteed price.