Davies v. Shell Co. of China, Ltd. (1951), 32 TC 133 (CA) -- attach -- Foreign Exchange
FX gain on deposits that essentially represented loans to the taxpayer from its distributors, was on capital account
Foreign Exchange
Alberta Gas Trunk Line Co. Ltd. v. Minister of National Revenue, [1972] S.C.R. 498, 71 DTC 5403, [1971] CTC 723 -- attach -- Foreign Exchange
any loss on a borrowing to construct capital asset would be a capital loss
Salada Foods Ltd. v. The Queen, 74 DTC 6171, [1974] CTC 201 (FCTD) -- attach -- Foreign Exchange
forward did not closely relate to capital investment
Northern Sales (1963) Ltd. v. MNR, 73 DTC 5200, [1973] CTC 239 (FCTD) -- attach -- Foreign Exchange
incurred in trading operation
Neonex International Ltd. v. The Queen, 78 DTC 6339, [1978] CTC 485 (FCA) -- attach -- Foreign Exchange
borrowing to fund proposed acquisition (through Buyco) on capital account
Ethicon Sutures Ltd. v. The Queen, 85 DTC 5290, [1985] 2 CTC 6 (FCTD) -- attach -- Foreign Exchange
Alberta Natural Gas Company v. Minister of National Revenue, 71 DTC 5400, [1971] CTC 718, [1972] S.C.R. 490 -- attach -- Foreign Exchange
12 October 2010 Internal T.I. 2010-0367611I7 - Cross Currency swap - Income or Capital -- attach -- Foreign Exchange
FX swap to hedge dividend-funding loan
5 March 2014 Internal T.I. 2013-0500891I7 - Hedging -- attach -- Foreign Exchange
s. 85(1) roll of FX forward to sub
29 January 2015 Internal T.I. 2014-0544651I7 - Section 85 transfer of Swap Contracts -- attach -- Foreign Exchange
swap contract treated as inventory
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