Cases
Western Union Insurance Co. v. The Queen, 83 DTC 5388, [1983] CTC 363 (FCTD)
In 1976 the taxpayer general insurance company received the full amount due to it under a mortgage loan of $1,125,000 made by it in 1974,...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Payment & Receipt | sending of cheque to sender's lawyers | 24 |
| Tax Topics - Income Tax Act - Section 76 | 46 |
The Queen v. Roynat Ltd., 81 DTC 5072, [1981] CTC 93 (FCTD)
An amount which when paid might not constitute an interest expense to the payor because it was paid pursuant to a contract of suretyship or...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 248 - Subsection 248(1) - Income Bond | 46 | |
| Tax Topics - Income Tax Act - Section 9 - Capital Gain vs. Profit - Shares | 64 |
See Also
Doulis v. The Queen, 2014 DTC 1054 [at 2933], 2014 TCC 26 (Informal Procedure)
Lamarre J dismissed the taxpayer's arguments that he should be able to deduct interest on tax arrears as a business expense. Such deductions were...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 18 - Subsection 18(1) - Paragraph 18(1)(t) | tax arrears interest is not a business expense | 86 |
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(c) | tax arrears interest is not a business expense | 86 |
Ditchfield v. Sharp, [1983] BTC 360 (C.A.)
On February 26, 1970 the taxpayers purchased a non-interest bearing note that was guaranteed as to 75% of its principal amount by the Rothschilds....
Administrative Policy
91 C.R. - Q.53
Review of IT-114 has been deferred pending the outcome of the Department of Finance study on the interest deduction.
87 C.R. - Q.51
IT-114 is currently under review.