See Also
Bergeron v. The Queen, 2013 DTC 1081 [at at 450], 2013 TCC 13
The taxpayer managed a the immigrant investor program at an investment dealer ("Cannacord") and was entitled to receive certain amounts from his...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 42 | did not apply to fees | 117 |
Aallcann Wood Suppliers Inc. v. The Queen, 94 DTC 1475 (TCC)
After a decision to go out of the pulpwood business and into the business of manufacturing fence posts, the taxpayer assigned its contract to...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 152 - Subsection 152(1.1) | 54 |
Administrative Policy
30 March 1994 Internal T.I. 9407577 - PLAYER CONTRACTS - PROCEEDS OF DISPOSITION
Proceeds received for player contracts on the sale of a sports team will give rise to a capital gain.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 14 - Subsection 14(5) - Cumulative Eligible Capital | 71 |
7 February 1992 TI (Tax Window, No. 16, p. 19, ΒΆ1739)
Proceeds from the sale of player contracts when disposed of as part of the sale of a business would normally be on account of capital.
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 14 - Subsection 14(5) - Eligible Capital Expenditure | 27 | |
| Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(a) - Timing | 38 |
Articles
Ian Gamble, "Income from a Business or Property: General Principles and Current Issues", 2014 Conference Report, Canadian Tax Foundation, 5:1-32
Break fees referable to pre-acquisition agreement (pp.5:23-24)
Break fees arise in the public corporation marketplace. They are routinely...