Trust Interests

Table of Contents

See Also

Stokesly Investments Ltd. v. MNR, 96 DTC 1754, TCJ. No. 1146

Units held by the taxpayer in a trust that engaged in the purchase of discounted second mortgages were found to be inventory given that the taxpayer had been in a similar business for many years, the trust was an alternative means for it to conduct that business and the selection of the structure for its business operations did not change the character of its business.