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reasonable expectation of profit

NRT Technology Corp. v. The Queen, 2013 DTC 1021 [at at 110], 2012 TCC 420, briefly aff'd 2013 DTC 5153 [at 6360], 2013 FCA 221 -- summary under Paragraph 111(5)(a)

Full Title

NRT Technology Corp. v. The Queen, 2013 DTC 1021 [at at 110], 2012 TCC 420, briefly aff'd 2013 DTC 5153 [at 6360], 2013 FCA 221

Summary Under

Tax Topics - Income Tax Act - Section 111 - Subsection 111(5) - Paragraph 111(5)(a)

reasonable expectation of profit tested on basis of objective factors

The taxpayer, which sold ATMs to the gaming industry, and specialized keyboards and price scanners to retail stores, in January 2006 acquired a...

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reasonable expectation of profit

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