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Schedule VI

Table of Contents

Administrative Policy(2)

Cases

Highway Sawmills Limited v. Minister of National Revenue, 66 DTC 5116, [1966] CTC 150, [1966] S.C.R. 384

Cartwright J. found that "the phrase 'timber limits' describes a parcel of land with merchantable timber standing upon it" (p. 5120), rather than...

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Words and Phrases

Locations of other summaries		Wordcount
Tax Topics - Statutory Interpretation - Scheme		114

Administrative Policy

21 May 2014 External T.I. 2014-0528021E5 - Classification of Timber Limits

Standing timber is harvested and the land is subsequently disposed of at a gain. CRA stated:

Generally a right not categorized as a "timber...

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4 August 1995 External T.I. 9513565 - DEPLETION ALLOWANCE ON U.S. TIMBER PROPERTY

There is no requirement in Regulation 1100(1)(e) and Schedule VI that a timber limit be located in Canada.