Goodwill

Commentary

As goodwill generally or always is an eligible capital property rather than a capital property, its disposition generally should give rise to an...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

See Also

Wolf Electric Tools Ltd. v. Wilson (1968), 45 TC 326 (Ch.D.)

Upon being advised by its Indian distributor ("Ralli") that the taxpayer (which carried on business as a mechanical and electrical engineer)...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Doughty v. Commissioner of Taxes, [1927] AC 327 (PC)

On the incorporation of a partnership, the excess of the nominal value of the shares issued over the net book value of the assets transferred was...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - General Concepts - Evidence step up in recorded carrying value not profit 131
Tax Topics - Income Tax Act - Section 9 - Capital Gain vs. Profit - Commodities, and commodities futures and derivatives appreciated inventory transfer as part of business drop-down on capital account 134

Administrative Policy

27 October 2006 External T.I. 2005-0157321E5 F - Winding-up of a wholly-owned corporation

Does the character of a property (here, eligible capital property) acquired by a parent corporation on the winding-up of a wholly-owned subsidiary...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 88 - Subsection 88(1) - Paragraph 88(1)(c) - Subparagraph 88(1)(c)(ii) character of property usually regarded as retained in the hands of the parent 170